Tech Mahindra is currently trading at Rs. 722.95, up by 27.60 points or 3.97% from its previous closing of Rs. 695.35 on the BSE.
The scrip opened at Rs. 714.00 and has touched a high and low of Rs. 732.00 and Rs. 714.00 respectively. So far 16987 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 846.00 on 02-May-2019 and a 52 week low of Rs. 607.90 on 31-Jul-2019.
Last one week high and low of the scrip stood at Rs. 732.00 and Rs. 691.10 respectively. The current market cap of the company is Rs. 67079.13 crore.
The promoters holding in the company stood at 35.90%, while Institutions and Non-Institutions held 50.80% and 13.12% respectively.
Tech Mahindra has expanded its strategic collaboration with AT&T to accelerate AT&T's IT network application, shared systems modernization and movement to the cloud. The company will assume management of many of the applications which support AT&T's network and shared systems.
The multi-year agreement will enable AT&T to focus on core objectives, including having the most advanced software defined 56 network, and migrate the majority of its non-network workloads to the public cloud by 2024. This comprehensive program will help drive sustainable operational improvement across the network and software development domains.
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.
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