Tech Mahindra Ltd.

Tech Mahindra is currently trading at Rs. 2351.35, up by 2.00 points or 0.09% from its previous closing of Rs. 2349.35 on the BSE.

The scrip opened at Rs. 2350.00 and has touched a high and low of Rs. 2362.00 and Rs. 2335.55 respectively. So far 7158 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 2364.00 on 26-Aug-2014 and a 52 week low of Rs. 1259.40 on 16-Sep-2013.

Last one week high and low of the scrip stood at Rs. 2364.00 and Rs. 2195.15 respectively. The current market cap of the company is Rs. 55427.43 crore.

The promoters holding in the company stood at 36.15% while Institutions and Non-Institutions held 49.87% and 13.97% respectively.

In a bid to enhance competencies and geographic reach, Tech Mahindra is reportedly in talks to acquire technology firms, both in India and overseas. In the last two financial years, the company has acquired seven firms, including Satyam Computer Services, Hutchison Global Services and Comviva Technologies.

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.