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Tech Mahindra inches up on entering into strategic global alliance with K2View

Tech Mahindra is currently trading at Rs. 729.50, up by 5.00 points or 0.69% from its previous closing of Rs. 724.50 on the BSE.

The scrip opened at Rs. 725.10 and has touched a high and low of Rs. 730.85 and Rs. 722.25 respectively. So far 15035 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. 612.50 on 26-Jul-2018.

Last one week high and low of the scrip stood at Rs. 743.40 and Rs. 718.45 respectively. The current market cap of the company is Rs. 70325.39 crore.

The promoters holding in the company stood at 35.87%, while Institutions and Non-Institutions held 50.64% and 13.49% respectively.

Tech Mahindra has entered into strategic global alliance with K2View, Inc., a leading distributed data-as-a-service platform, to help organizations accelerate and bridge digital transformation by giving enterprises real-time access to their data, across silos, through a secure platform.

This integrated platform will help organizations accelerate their digital transformation, delivering a risk-free modernization path to efficient, scalable, and new data-driven architectures. This platform can be built into an organization’s existing infrastructure, with no downtime required to implement the technology.

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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