Tech Mahindra gains on launching ShelfMonitor powered by Google Cloud

11 Oct 2013

Tech Mahindra is currently trading at Rs. 1560.80, up by 45.75 points or 3.02% from its previous closing of Rs. 1515.05 on the BSE.

The scrip opened at Rs. 1540.00 and has touched a high and low of Rs. 1562.40 and Rs. 1526.00 respectively. So far 86,000 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1522.00 on 10-Oct-2013 and a 52 week low of Rs. 865.25 on 07-Dec-2012.

Last one week high and low of the scrip stood at Rs. 1522.00 and Rs. 1365.00 respectively. The current market cap of the company is Rs. 36,259 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 and enabling future digital enterprises has launched retail digital enterprise solution ShelfMonitor - Mobile Merchandise Manager. This solution empowers retail store personnel with intelligent information on potential shelf gaps and real-time actionable insights, thereby helping retailers improve sales and avoiding lost opportunity.

As per a survey conducted by Electronic Product Code (EPC), the top 100 retailers have an estimated loss of $69 billion. One other research from Gartner indicates that out of stock rates are close to 6-10% for non-promoted items and 18-24% for promoted items.

ShelfMonitor solution is conceptualized and developed at Tech Mahindra's Retail Digital Enterprise Solution Studio built on NMACSSS (Network, Mobility, Analytics, Cloud, Security, Sensors and Social) technology stack foundation. This solution can be provided as a service on pay per use model or as in-premise solution. The solution is hosted on Google Cloud and offers a host of innovative engagement models with a very low CAPEX requirement from retail customers.

Tech Mahindra is a leading provider of solutions and services to the telecommunications industry with a majority stake owned by Mahindra & Mahindra. The company, since 2002 has operations in China with offices in Beijing, Shanghai, Nanjing and Guangzhou.

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