Tech Mahindra jumps on collaborating with Cisco
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Tech Mahindra is currently trading at Rs. 1474.00, up by 14.95 points or 1.02% from its previous closing of Rs. 1459.05 on the BSE.
The scrip opened at Rs. 1473.00 and has touched a high and low of Rs. 1486.40 and Rs. 1468.10 respectively. So far 41836 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. 936.85 on 26-Apr-2021.
Last one week high and low of the scrip stood at Rs. 1527.85 and Rs. 1447.60 respectively. The current market cap of the company is Rs. 143681.50 crore.
The promoters holding in the company stood at 35.67%, while Institutions and Non-Institutions held 52.75% and 11.59% respectively.
Tech Mahindra has collaborated with Cisco, the worldwide leader in technology that powers the Internet, to drive the infrastructure modernization of optical transport networks with the introduction of Cisco routed optical networking. The collaboration aims to simplify the Internet transport networks by leveraging state-of-the-art optical and routing technologies to converge services over an IP Infrastructure enabling a high degree of automation.
The collaboration will empower service providers to reduce their operational expenses and their total cost of ownership. Tech Mahindra’s vast and diversified experience in building IP based, software-driven end-to-end 5G networks combined with the Cisco’s Routed Optical Networking solution, will enable an end-to-end value proposition for service providers to reduce the complexity in their networks.
Tech Mahindra represents the connected world, offering innovative and customer-centric information technology experiences, enabling Enterprises, Associates and the Society to Rise.
