Tech Mahindra inches up on inking strategic partnership with Communisis

Tech Mahindra is currently trading at Rs. 986.75, up by 7.55 points or 0.77% from its previous closing of Rs. 979.20 on the BSE.

Tech Mahindra 770x433
Tech Mahindra 770×433

The scrip opened at Rs. 994.95 and has touched a high and low of Rs. 994.95 and Rs. 980.45 respectively. So far 16464 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. 1037.85 and Rs. 944.10 respectively. The current market cap of the company is Rs. 95219.40 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 entered into strategic partnership with Communisis, the integrated business communications provider.

The partnership will enable and transform Communisis’ internal and external digital capabilities.

Under the partnership, Tech Mahindra will implement Communisis’ digital transformation strategy through legacy modernisation, enterprise resource planning (ERP) implementation, service desk operations, cloud and vendor management.

The partnership will transform Communisis’ Enterprise back-office operations including the Finance function. Tech Mahindra’s Next Generation suite will modernise and impact key CXO objectives whilst aligning the business transformation with the ERP journey.

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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