Tech Mahindra trades higher on entering into strategic partnership with isMobile

Tech Mahindra is currently trading at Rs. 1057.00, up by 1.40 points or 0.13% from its previous closing of Rs. 1055.60 on the BSE.

The scrip opened at Rs. 1063.00 and has touched a high and low of Rs. 1063.00 and Rs. 1051.00 respectively. So far 5159 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. 1072.75 and Rs. 1024.55 respectively. The current market cap of the company is Rs. 102685.86 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 a strategic partnership with isMobile, a Swedish software company specializing in field service solutions. The partnership will enhance Tech Mahindra’s AMI Command & Control Center offering with smart metering operations and field service efficiency. The deployment further demonstrates Tech Mahindra’s continued commitment to solve utilities problems in Europe with new-age technological solution at market-leading performance levels.

Through the partnership with isMobile, Tech Mahindra will offer an end-to-end AMI Command Center solutions that improve field efficiency and provide transparency across field workforce, back office and end customer. Tech Mahindra’s AMI Command & Control Center will further empower the customers with flexible design, delivery, operation and maintenance of complete Advanced Metering Infrastructure Solution to manage the changes in real time. The key elements of the solutions include SmartMeters, AMI Communication Network, Mobile Application, Data Analysis Services, Flexible Customer Interface, Professional Services for Design and Implementation / Installation, Ongoing Support and Maintenance (as a Managed Service).

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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