Tech Mahindra gains on inking MoU with Government of Gujarat
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Tech Mahindra is currently trading at Rs. 1027.50, up by 8.30 points or 0.81% from its previous closing of Rs. 1019.20 on the BSE.
The scrip opened at Rs. 1011.90 and has touched a high and low of Rs. 1027.85 and Rs. 1007.70 respectively. So far 24924 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. 1050.00 and Rs. 1007.55 respectively. The current market cap of the company is Rs. 99670.99 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 inked a Memorandum of Understanding (MoU) with the Government of Gujarat under its IT/ITeS (IT enabled services) policy. The agreement will enable the company to address the changing engineering needs of enterprises. It will be hiring 3,000 people in Gujarat over the next five years.
Tech Mahindra represents the connected world, offering innovative and customer-centric information technology experiences, enabling Enterprises, Associates and the Society to Rise.
