Tech Mahindra surges on entering into global strategic partnership with Retalon
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Tech Mahindra is currently trading at Rs. 1007.75, up by 5.10 points or 0.51% from its previous closing of Rs. 1002.65 on the BSE.
The scrip opened at Rs. 1006.05 and has touched a high and low of Rs. 1016.50 and Rs. 1003.70 respectively. So far 92930 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 1754.10 on 12-Jan-2022 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. 1028.85 and Rs. 985.00 respectively. The current market cap of the company is Rs. 98103.36 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 entered into a global strategic partnership with Retalon, a leader in retail AI and predictive analytics solutions. The partnership will enable Retail and CPG organizations to gain better customer insights, improve decision-making, and enhance operational efficiency.
Together, Tech Mahindra and Retalon will offer a unified common analytic platform to help enterprises unlock significant value in end-to-end planning, inventory management, supply chain network strategy, pricing, and promotion optimization. The joint efforts will also offer an integrated solution to make smarter inventory & fulfilment decisions, which will result in improved gross margins from 9-12% annually. The partnership will bring together Tech Mahindra's expertise in Retail & Consumer Goods (RCG) and Digital Services with Retalon's Artificial Intelligence (AI) and Predictive Analytics tools to provide superior customer experiences.
Tech Mahindra represents the connected world, offering innovative and customer-centric information technology experiences, enabling Enterprises, Associates and the Society to Rise.
