Tech Mahindra Ltd.

Tech Mahindra is currently trading at Rs. 1831.85, up by 2.60 points or 0.14 % from its previous closing of Rs. 1829.25 on the BSE.

The scrip opened at Rs. 1834.00 and has touched a high and low of Rs. 1848.00 and Rs. 1829.55 respectively. So far 5136 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. 1850.00 and Rs. 1731.20 respectively. The current market cap of the company is Rs. 42708.03 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 has launched Managed Data Service (MDS), a fully managed end-to-end reference data management Business Process as a Service (BpaaS) solution for the financial services industry in North America. This solution has already witnessed a significant traction in European markets.

The MDS solution is designed around a utility model and comprises three integrated components - technology infrastructure, operational outsourcing and specialized software IP. The key benefits include assured data quality, operating cost reduction, capex to Opex transformation and improved operational efficiency.

In Europe, the MDS platform is the first of its kind to be live at a major Tier 1 bank and offers a true utility-based solution for instrument reference, pricing, corporate actions and tax data. Tech Mahindra MDS offers a proven offshore facility with established connections to all the major data vendors.

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.