Tech Mahindra gains on expanding India operations with inauguration of new campus

Tech Mahindra is currently trading at Rs. 1013.95, up by 13.60 points or 1.36% from its previous closing of Rs. 1000.35 on the BSE.

Tech Mahindra 770x433
Tech Mahindra 770×433

The scrip opened at Rs. 1004.00 and has touched a high and low of Rs. 1017.45 and Rs. 1004.00 respectively. So far 15839 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 5 has touched a 52 week high of Rs. 1837.75 on 30-Dec-2021 and a 52 week low of Rs. 944.10 on 17-Jun-2022.

Last one week high and low of the scrip stood at Rs. 1027.20 and Rs. 989.50 respectively. The current market cap of the company is Rs. 97290.19 crore.

The promoters holding in the company stood at 35.26%, while Institutions and Non-Institutions held 52.49% and 12.25% respectively.

Tech Mahindra has inaugurated a new campus in Tidel Park Coimbatore, Tamil Nadu. Tech Mahindra aims to hire 1000 associates in FY22-23 as part of its focus to tap local talent, improve agility to deliver solutions, and provide the flexibility to current associates to work from their hometowns. Spanning over 10,000 sq. ft., the campus will focus on building a next-generation technology hub in Coimbatore with an aim of delivering cutting-edge solutions for the

Tech Mahindra’s global customers in various industry segments such as automobile, banking, e-commerce, finance, research & development, among others. The campus will also focus on developing new technology stack pertaining to Intelligent Automation, Artificial Intelligence/ Robotic Process Automation, Full-stack development, Customer Experience (CX), and other Next Gen Application Development and Management Skills (ADMS) skills.

Tech Mahindra represents the connected world, offering innovative and customer-centric information technology experiences, enabling Enterprises, Associates and the Society to Rise.

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