Published on 7/03/2017 10:47:25 AM | Source: Dion Global Solutions Ltd.

Tech Mahindra rises over 2% on acquisition of CJS Solutions

Posted in Stock On The Move| #Tech Mahindra Ltd #IT Sector #Stock On The Move

Shares of Tech Mahindra spurted over 2 per cent in early trade on the Bombay Stock Exchange after IT major said that its board has approved the proposal to acquire the CJS Solutions Group LLC, through its subsidiary company at US. Boosted by the development, shares of company gained as much as 2.13 per cent to hit intra-day high of Rs 509.90 apiece on the Bombay Stock Exchange.

In a similar fashion, stocks of company rose 0.87 per cent to Rs 504.30 apiece on the National Stock Exchange. Meanwhile, the broader benchmark BSE Sensex was trading at 29,035.54, down 12.65 points, or 0.04 per cent, at 10:08 hours.