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Tech Mahindra zooms despite weakness over Dalal Street

Tech Mahindra zooms despite weakness over Dalal Street

Tech Mahindra is currently trading at Rs. 1132.55, up by 71.45 points or 6.73% from its previous closing of Rs. 1061.10 on the BSE.

Tech Mahindra 770x433
Tech Mahindra

The scrip opened at Rs. 1115.00 and has touched a high and low of Rs. 1164.50 and Rs. 1115.00 respectively. So far 414401 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 5 has touched a 52 week high of Rs. 1574.80 on 25-Mar-2022 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. 1164.50 and Rs. 1041.00 respectively. The current market cap of the company is Rs. 110530.05 crore.

The promoters holding in the company stood at 35.19%, while Institutions and Non-Institutions held 51.86% and 12.95% respectively.

Tech Mahindra has entered into a partnership with StarHub, a leading homegrown company from Singapore that delivers world-class communications, entertainment, and digital services. Tech Mahindra is assisting StarHub to modernize its IT operations for consumer facing systems and processes, to simplify user journeys, achieve increased IT operational efficiency, and improve customer experiences. The partnership has allowed StarHub roll out product offers and business changes quicker, launch a reliable and agile platform to future-proof its investments, and fast-track innovation based on cloud native principles.

As part of this engagement, Tech Mahindra has been working closely with technology partners such as CompaxDigital, Dreamcloud and MATRIXX Software, to provide digital services and solutions in support of StarHub’s ambitious DARE+ strategy, a journey that began with a new focus on customer experience. The transformed solution includes StarHub App, a one-stop shop for StarHub’s customers’ needs to explore, purchase, pay for, and manage existing and new services from a single app. StarHub App is powered by a microservices based comprehensive Digital BSS suite and modern converged charging solution. The app is also integrated with an AI-friendly chatbot that provides offline support for all customer journeys.

Tech Mahindra represents the connected world, offering innovative and customer-centric information technology experiences, enabling Enterprises, Associates and the Society to Rise.