Tech Mahindra is currently trading at Rs. 483.70, up by 2.05 points or 0.43% from its previous closing of Rs. 481.65 on the BSE.
The scrip opened at Rs. 482.00 and has touched a high and low of Rs. 487.50 and Rs. 469.40 respectively. So far 210774 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 563.75 on 30-May-2016 and a 52 week low of Rs. 405.10 on 17-Oct-2016.
Last one week high and low of the scrip stood at Rs. 497.00 and Rs. 472.00 respectively. The current market cap of the company is Rs. 46418.39 crore.
The promoters holding in the company stood at 36.24%, while institutions and non-institutions held 49.94% and 13.76% respectively.
Tech Mahindra, a specialist in digital transformation, consulting and business re-engineering and Huawei Enterprise Business Group (EBG) have signed a global partnership agreement. Basis this agreement, Tech Mahindra will market Huawei’s enterprise products and services across 44 countries including India. The alliance would also involve launching a joint go-to-market (GTM) strategy, thus giving a boost to the competitiveness of both companies in the global marketplace, by leveraging each other’s core strengths.
Furthermore, Tech Mahindra would take Huawei’s enterprise products and services, and build solutions around various platforms and solutions of Tech Mahindra. The partnership will help Tech Mahindra to be more competitive and gain access to newer enterprise markets in geographies like Europe, LatAm, Africa, India, Middle East and South East Asia while enabling it to provide maximum value to the clients.