Tech Mahindra Ltd.

Tech Mahindra is currently trading at Rs. 1516.10, up by 0.50 points or 0.03% from its previous closing of Rs. 1514.60 on the BSE.

The scrip opened at Rs. 1518.00 and has touched a high and low of Rs. 1530.70 and Rs. 1506.00 respectively. So far 18,000 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1594.00 on 15-Oct-2013 and a 52 week low of Rs. 865.25 on 07-Dec-2012.

Last one week high and low of the scrip stood at Rs. 1577.00 and Rs. 1467.00 respectively. The current market cap of the company is Rs. 35,251 crore.

The promoters holding in the company stood at 36.46% while Institutions and Non-Institutions held 47.72% and 15.81% respectively.

Tech Mahindra, a specialist provider of connected solutions to the connected world and enabling future digital enterprises, has entered into partnership with Etisalat, the United Arab Emirates’ (UAE’s) leading telecom operator, to offer technology services to the latter’s clients. The partnership was signed during GITEX Technology Week, the Middle East, Africa and South Asia region’s top ICT exhibition and conference held in Dubai on October 20-24.

Etisalat’s enterprise customers are likely to benefit most from the partnership, with the telecom major drawing upon Tech Mahindra’s extensive systems integration experience to provide transformation services that will yield efficiency savings.

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.