Tech Mahindra gains on plan to invest Rs 1,000 crore in next 3 years

13 Aug 2013

Tech Mahindra is currently trading at Rs 1317.50, up by 51.70 points or 4.08% from its previous closing of Rs. 1265.80 on the BSE.

The scrip opened at Rs 1276.10 and has touched a high and low of Rs 1329.00 and Rs. 1276.00 respectively. So far 108508 shares were traded on the counter.

The BSE group 'A' stock of face value Rs 10 has touched a 52 week high of Rs 1329.00 on 13-Aug-2013 and a 52 week low of Rs 775.00 on 30-Aug-2012.

Last one week high and low of the scrip stood at Rs 1329.00 and Rs 1209.00 respectively. The current market cap of the company is Rs 30600.35 crore.

The promoters holding in the company stood at 47.17% while Institutions and Non-Institutions held 42.62% and 10.22% respectively.

Tech Mahindra, a specialist provider of connected solutions to the connected world, is reportedly planning to invest around Rs 1,000 crore over the next 3 years to expand its infrastructure capacity and increase its delivery capabilities. This expansion plan is not only for big cities like Mumbai and Chennai but also for tier 2 and tier 3 cities.

Tech Mahindra is a leading provider of solutions and services to the telecommunications industry with a majority stake owned by Mahindra & Mahindra.

Related Tech Mahindra Ltd. Links:

Tech Mahindra Share Price

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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323