Tech Mahindra Ltd.

Tech Mahindra is currently trading at Rs. 623.30, up by 6.50 points or 1.05 % from its previous closing of Rs. 616.80 on the BSE.

The scrip opened at Rs. 617.00 and has touched a high and low of Rs. 624.50 and Rs. 599.00 respectively. So far 278792 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 749.50 on 02-Feb-2015 and a 52 week low of Rs. 432.00 on 08-May-2014.

Last one week high and low of the scrip stood at Rs. 637.00 and Rs. 565.70 respectively. The current market cap of the company is Rs. 59587.72 crore.

The promoters holding in the company stood at 36.71 % while Institutions and Non-Institutions held 47.90 % and 15.39 % respectively.

Tech Mahindra, a leader in digital transformation for the Telecommunications and Manufacturing industries has entered into a strategic relationship with Covisint Corporation (COVS) to form the IoT Platform Innovation Center to accelerate delivery of connected IoT solutions for enterprise customers worldwide. This new strategic relationship brings together two industry leaders to deliver a comprehensive solution set for enterprises to accelerate their IoT initiatives.

By embracing IoT, enterprises can stay ahead of the accelerating innovation curve by satisfying customer demand for new ways of interacting and the need to automate business processes across an enterprise and business partner network, while thriving amidst exponential growth of devices, data and 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.