Tech Mahindra rises on inking pact with Bharti Airtel
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Tech Mahindra is currently trading at Rs. 1024.60, up by 1.90 points or 0.19% from its previous closing of Rs. 1022.70 on the BSE.
The scrip opened at Rs. 1015.00 and has touched a high and low of Rs. 1026.70 and Rs. 1011.00 respectively. So far 21388 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. 1067.75 and Rs. 1011.00 respectively. The current market cap of the company is Rs. 99373.26 crore.
The promoters holding in the company stood at 35.22%, while Institutions and Non-Institutions held 51.98% and 12.80% respectively.
Tech Mahindra and Bharti Airtel have entered into strategic partnership under which they have deployed '5G for Enterprise’ solution at Mahindra’s Chakan manufacturing facility, making it India’s first 5G enabled Auto manufacturing unit.
The ‘5G for Business’ solution has significantly enhanced Chakan’s network connectivity that has resulted in improved speeds for software flashing, a critical operation for all vehicular dispatches. Blazing hi-speeds and ultra-low latency now allows managers to undertake multiple software flashing sessions in parallel, which has resulted in reduced turn-around time for an operation. Further, the computerized vision based inspection is now fully automated resulting in improved paint quality. Airtel is spearheading 5G deployment in India. The company has been testing use cases and spectrum delivery with multiple partners and at several locations as a part of its ‘5GforBusiness offerings’.
Airtel’s industry-leading integrated connectivity portfolio of ‘5GforBusiness’ along with Tech Mahindra’s industry knowledge to provide specialized services to customers, proven system integration capabilities, 5G enterprise solutions capabilities such as Factory.NXT, and its domain expertise in planning, designing, deployment, and management of private wireless networks for enterprises will benefit enterprise customers and accelerate the adoption of transformative network technologies like 5G in India. This partnership is in line with Tech Mahindra’s NXT.NOW framework, which aims to enhance ‘Human Centric Experience’, and focuses on investing in emerging technologies and solutions that enables digital transformation and meet the evolving needs of the customer.
Tech Mahindra represents the connected world, offering innovative and customer-centric information technology experiences, enabling Enterprises, Associates and the Society to Rise.
