Tech Mahindra Ltd.

Tech Mahindra is currently trading at Rs. 1016.60, up by 3.95 points or 0.39% from its previous closing of Rs. 1012.65 on the BSE.

The scrip opened at Rs. 1011.00 and has touched a high and low of Rs. 1027.00 and Rs. 1006.25 respectively. So far 44368 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1123.80 on 04-Mar-2013 and a 52 week low of Rs. 677.20 on 22-Jun-2012.

Last one week high and low of the scrip stood at Rs. 1027.00 and Rs. 951.05 respectively. The current market cap of the company is Rs. 12979.93 crore.

The promoters holding in the company stood at 47.41% while Institutions and Non-Institutions held 43.34% and 9.26% respectively.

Tech Mahindra, country’s mid-tier IT firm is reportedly planning to increase employee’s salaries by 7-12% this fiscal to ensure they do not lose talent to top players. The company has taken this decision following, the larger IT players, who announced wage hikes ranging between 6% and 10% for this fiscal.

Tech Mahindra is a leading provider of solutions and services to the telecommunications industry with a majority stake owned by Mahindra & Mahindra.