Tech Mahindra is currently trading at Rs. 1233.20, up by 5.95 points or 0.48% from its previous closing of Rs. 1227.25 on the BSE.
The scrip opened at Rs. 1220.15 and has touched a high and low of Rs. 1234.35 and Rs. 1214.70 respectively. So far 189941 shares were traded on the counter.
The BSE group ‘A’ stock of face value Rs. 5 has touched a 52 week high of Rs. 1270.35 on 17-Jul-2023 and a 52 week low of Rs. 982.95 on 28-Apr-2023.
Last one week high and low of the scrip stood at Rs. 1250.05 and Rs. 1203.30 respectively. The current market cap of the company is Rs. 119659.49 crore.
The promoters holding in the company stood at 35.16%, while Institutions and Non-Institutions held 52.72% and 12.13% respectively.
Tech Mahindra has entered into a partnership with Anyverse, a hyperspectral synthetic data generation platform that accelerates the development of computer vision-based solutions for autonomous applications. The partnership will focus on accelerating AI adoption in the automotive industry by simplifying the use of synthetic data to train, test, and validate AI systems.
As part of the partnership, Tech Mahindra will use Anyverse’s platform to provide synthetic data sets to train, validate, and fine-tune its global automotive customers’ AI systems. The partnership will focus on advanced driver assistance systems (ADAS), in-cabin systems, and autonomous vehicle (AV) applications. This will help accelerate AI adoption and software validation timelines by 30-40%. Anyverse will provide its standalone hyperspectral synthetic data platform, enabling Tech Mahindra to generate synthetic data with accurate sensor simulation.
Tech Mahindra represents the connected world, offering innovative and customer-centric information technology experiences, enabling Enterprises, Associates and the Society to Rise.