Tech Mahindra surges on entering into strategic partnership with Soroco

Tech Mahindra is currently trading at Rs. 1037.20, up by 4.70 points or 0.46% from its previous closing of Rs. 1032.50 on the BSE.

The scrip opened at Rs. 1030.00 and has touched a high and low of Rs. 1046.60 and Rs. 1024.55 respectively. So far 37535 shares were traded on the counter.

Tech Mahindra 770x433
Tech Mahindra

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. 1067.80 and Rs. 1015.30 respectively. The current market cap of the company is Rs. 101362.89 crore.

The promoters holding in the company stood at 35.24%, while Institutions and Non-Institutions held 51.33% and 13.43% respectively.

Tech Mahindra has entered into strategic partnership with Soroco, the world’s first work graph company. The partnership will establish a state-of-the-art Center of Excellence (CoE) to deliver an accelerated transformation program for business process management and managed services backed by intelligent automation and task mining. Tech Mahindra’s CoE will be located in New Delhi to support the evolving digital transformation needs of customers’ right from Discovery to Realization.

Together, Soroco and Tech Mahindra will support customers to develop a culture of continuous improvement, industry best practices, assets, and accelerators to provide a structured approach on-ground. While Soroco’s platform Scout will focus on task mining-led solutions, Tech Mahindra will assist with its implementation, and manage services around task mining practices.

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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