Tech Mahindra surges after it selected as Nynas` Digital Transformation Partner
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Tech Mahindra is currently trading at Rs. 1068.45, up by 1.75 points or 0.16% from its previous closing of Rs. 1066.70 on the BSE.
The scrip opened at Rs. 1062.20 and has touched a high and low of Rs. 1074.95 and Rs. 1059.20 respectively. So far 41562 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. 1074.95 and Rs. 1005.60 respectively. The current market cap of the company is Rs. 103585.80 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 has been selected as the digital transformation partner for Nynas AB, a Swedish manufacturer of specialty oils - naphthenic and bitumen products. The company will work with Nynas to modernize its enterprise IT architecture as an enabler to establish efficient work processes across the business, deliver transparency across the value chain, provide flexibility & scalability to define new business models, and harness the power of next-generation platforms to support sustainable future growth.
The company will leverage its ‘Change to Grow’ approach to deliver Business aligned IT. ‘Change to Grow’ approach enables customers to change faster according to industry needs and equips them with abilities to launch new products and create new revenue streams.
Tech Mahindra represents the connected world, offering innovative and customer-centric information technology experiences, enabling Enterprises, Associates and the Society to Rise.
