Tech Mahindra gains on entering into strategic partnership with Tada Cognitive Solutions
Tech Mahindra is currently trading at Rs. 1059.90, up by 6.40 points or 0.61% from its previous closing of Rs. 1053.50 on the BSE.
The scrip opened at Rs. 1054.15 and has touched a high and low of Rs. 1061.90 and Rs. 1047.05 respectively. So far 42202 shares were traded on the counter.
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. 1080.40 and Rs. 1017.35 respectively. The current market cap of the company is Rs. 103066.54 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 Tada Cognitive Solutions (TADA), a next generation digital twin-enabled supply chain software provider headquartered in the US. The partnership will enable Tech Mahindra’s customers to build real-time end-to-end visibility across the entire supply chain network with control tower implementations and accelerate their digital transformation journey.
The joint offerings will empower manufacturing, consumer packaged goods (CPG), and retail enterprises to leverage the true potential of digital technology. It will further propel collaboration among the various partners in the ecosystem to build modular decision systems. The partnership will combine Tech Mahindra’s deep domain expertise and system integration capabilities with TADA’s patented Digital Twin of the Supply Chain (DTSC) and Digital Twin of an Organization (DTO). This technology goes beyond a simple Digital Twin construct to build a Digital Duplicate capable of creating a real time digital replica of an organization’s entire supply network in the cloud. Together, this will accelerate supply chain transformation programs focused on visibility, supply chain execution level analytics and scenario building capabilities.