Tech Mahindra Ltd.

Tech Mahindra is currently trading at Rs. 1068.65, up by 20.60 points or 1.97% from its previous closing of Rs. 1048.05 on the BSE.

The scrip opened at Rs. 1051.00 and has touched a high and low of Rs. 1071.65 and Rs. 1050.40 respectively. So far 28526 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 1837.75 on 30-Dec-2021 and a 52 week low of Rs. 944.10 on 17-Jun-2022.

Last one week high and low of the scrip stood at Rs. 1071.65 and Rs. 1007.70 respectively. The current market cap of the company is Rs. 103865.39 crore.

The promoters holding in the company stood at 35.24%, while Institutions and Non-Institutions held 51.33% and 13.43% respectively.

Tech Mahindra has entered into share subscription agreement to acquire 26% equity shares in Upendra Singh Multi Transmission. The acquisition would enable the company to procure 1.5 MW of Solar Energy for its captive consumption at its facilities located in Noida, UP. The total consideration would be Rs 48 lakh.

Tech Mahindra is signatory to Business Ambition for 1.5 degree C that commits to contain the rise in global in temperature by 1.5 degree C. Tech Mahindra has adopted a climate action plan that provides a roadmap for the organization to become Net Zero before 2040. While it has installed rooftop Solar plants at all its owned campuses, it also plans to procure Renewable Energy (RE) through captive projects at all its owned campuses. Captive or Group captive projects are projects set up by a developer with a minimum equity contribution of 26% from interested consumers (viz. Tech Mahindra) and the RE generated from such projects is consumed by Tech Mahindra as per government norms.

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