Wednesday , November 13 2019
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Tech Mahindra gains on signing MoU CET in Odisha

Tech Mahindra is currently trading at Rs. 772.20, up by 2.80 points or 0.36% from its previous closing of Rs. 769.40 on the BSE.

The scrip opened at Rs. 770.35 and has touched a high and low of Rs. 775.55 and Rs. 767.70 respectively. So far 15235 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. 777.35 and Rs. 737.00 respectively. The current market cap of the company is Rs. 74770.05 crore.

The promoters holding in the company stood at 35.88%, while Institutions and Non-Institutions held 51.96% and 11.98% respectively.

Tech Mahindra has signed a Memorandum of Understanding (MoU) with College of Engineering and Technology (CET), Bhubaneswar to set up a Center of Excellence (CoE) within the college campus to train young graduates in the field of Artificial Intelligence (AI).

The collaboration outlines the Government’s objective to upskill young students by familiarizing them with new-age technologies like AI and equipping them with the knowledge of applying these technologies in everyday life. The initiative is aimed at fostering a growth ecosystem that will positively impact the economy and lives of people in Odisha.

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.