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Tech Mahindra strengthens on entering into collaboration with MKI

Tech Mahindra is currently trading at Rs. 741.30, up by 16.20 points or 2.23% from its previous closing of Rs. 725.10 on the BSE.

The scrip opened at Rs. 734.00 and has touched a high and low of Rs. 746.85 and Rs. 727.90 respectively. So far 82673 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. 767.25 and Rs. 720.90 respectively. The current market cap of the company is Rs. 71457.51 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 collaboration with Mitsui Knowledge Industry (MKI) to develop next generation digital enterprise solutions, in the Japanese market. As part of this collaboration, the company and MKI aim to address the lack of SAP skilled workforce for ECC migration to SAP S/4HANA by 2025 in the Japanese market by creating a 600-member engineering pool in Japan and India, out of which the company is expected to bring 300 members.

In addition, both the teams will leverage tools, technologies and best practices to manage various aspects of the customer’s SAP S/4HANA transformation journey including pre-sales, assessment, requirement gathering, implementation and support.

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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