Tech Mahindra Ltd.

Tech Mahindra is currently trading at Rs. 1799.00, up by 17.90 points or 1.00% from its previous closing of Rs. 1781.10 on the BSE.

The scrip opened at Rs. 1796.00 and has touched a high and low of Rs. 1807.90 and Rs. 1777.00 respectively. So far 33418 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1936.35 on 06-Mar-2014 and a 52 week low of Rs. 895.25 on 21-May-2013.

Last one week high and low of the scrip stood at Rs. 1936.35 and Rs. 1762.00 respectively. The current market cap of the company is Rs. 41958.79 crore.

The promoters holding in the company stood at 36.34% while Institutions and Non-Institutions held 49.50% and 14.15% respectively.

Tech Mahindra a specialist provider of connected solutions to the connected world, has launched its Global Development Center with Alstom Transport, a world leading manufacturer of Rail Technology, on the occasion of signing a 3 year partnership agreement with Alstom. The relationship comes on the context of growing need for mature regional partners capable of providing efficient vertical integration capabilities from Engineering to Manufacturing on Rolling Stock interior field.

The partnership is a result of months of progressive demonstration from Tech Mahindra on the ability and motivation to engage in high value added Engineering activities. The development center will cover primarily engineering activities focused on concept to prototype build. Mahindra group brings in the necessary ecosystem to provide the sourcing and manufacturing support so as to integrate various life cycle functions as a one stop solution.

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.