Tech Mahindra Ltd.

BSE: 532755 | NSE: TECHM
Large Cap | IT - Software
1762.45
17.20 (0.99%)
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Tech Mahindra rises on entering into strategic partnership with Telefonica Germany/O2

Date: 16-02-2021

Tech Mahindra is currently trading at Rs. 994.80, up by 15.70 points or 1.60% from its previous closing of Rs. 979.10 on the BSE.

The scrip opened at Rs. 992.70 and has touched a high and low of Rs. 997.00 and Rs. 987.65 respectively. So far 2277 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 1081.35 on 11-Jan-2021 and a 52 week low of Rs. 470.25 on 23-Mar-2020.

Last one week high and low of the scrip stood at Rs. 1009.00 and Rs. 957.65 respectively. The current market cap of the company is Rs. 94756.85 crore.

The promoters holding in the company stood at 35.79%, while Institutions and Non-Institutions held 52.59% and 11.45% respectively.

Tech Mahindra has entered into a strategic partnership with Telefonica Germany / O2, a leading telecommunications provider from Germany, to drive their end to end IT transformation. Through this digital transformation, Tech Mahindra will support Telefonica Germany / O2 to deliver faster product launches and provide a more ‘human centered’ experience to its customers in the mass market segment.

In August 2020, Telefonica Germany / O2 selected Tech Mahindra to drive its network and services operations, in addition to developing use cases for 5G, Artificial Intelligence (Al), and Machine Learning technologies. This announcement further strengthens Tech Mahindra and Telefonica Germany's two-decade long partnership and reiterates Tech Mahindra’s expertise in delivering large scale digital transformation programs.

Tech Mahindra represents the connected world, offering innovative and customer-centric information technology experiences, enabling Enterprises, Associates and the Society to Rise.