Tech Mahindra moves up on acquiring Avant Techno Solutions

Tech Mahindra Ltd. | IT - Software | IT & ITES | BSE: 532755 | NSE: TECHM

04 May 2026 Evaluate

Tech Mahindra is currently trading at Rs. 1478.45, up by 4.40 points or 0.30% from its previous closing of Rs. 1474.05 on the BSE.

The scrip opened at Rs. 1476.70 and has touched a high and low of Rs. 1492.05 and Rs. 1475.75 respectively. So far 10092 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 1850.00 on 03-Feb-2026 and a 52 week low of Rs. 1304.25 on 09-Mar-2026.

Last one week high and low of the scrip stood at Rs. 1492.05 and Rs. 1360.05 respectively. The current market cap of the company is Rs. 145273.30 crore.

The promoters holding in the company stood at 34.97%, while Institutions and Non-Institutions held 56.08% and 8.95% respectively.

Tech Mahindra has acquired Avant Techno Solutions (Alluri Technologies Inc), a Canada based firm specializing in payments modernization and wealth platforms. The acquisition is expected to further strengthen Tech Mahindra’s service capabilities and deepen its industry expertise within the BFSI (Banking, Financial Services, and Insurance) vertical.

The addition of Avant Techno Solutions will enhance Tech Mahindra’s offerings across key areas including Real Time Rail capabilities, ISO 20022 migration, wire modernization, core payments cloud transformation, wealth management platforms, identify and access management solutions across North Americas, while creating new opportunities in open banking, commercial lending, regulatory compliance, and fraud and financial crime. The strategic alignment also brings experienced sector talent and established client relationships, enabling faster and more scalable delivery across key markets.

As financial institutions navigate evolving consumer behaviour and rapid technological change, this acquisition positions Tech Mahindra to support organizations in simplifying legacy environments, improving speed to market, strengthening trust frameworks, and building more responsive and resilient operating models.

Tech Mahindra offers technology consulting and digital solutions to global enterprises across industries, enabling transformative scale at unparalleled speed.

Tech Mahindra Share Price

1470.80 -3.25 (-0.22%)

04-May-2026 16:59 View Price Chart

Peers

Company Name	CMP
TCS	2430.75
Infosys	1168.40
HCL Tech.	1200.45
Wipro	200.80
Tech Mahindra	1470.80
View more..

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