Tech Mahindra trades higher on entering into strategic partnership with Altice Labs
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Tech Mahindra is currently trading at Rs. 1029.15, up by 5.30 points or 0.52% from its previous closing of Rs. 1023.85 on the BSE.
The scrip opened at Rs. 1009.00 and has touched a high and low of Rs. 1031.70 and Rs. 1004.10 respectively. So far 176647 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. 1045.00 and Rs. 999.95 respectively. The current market cap of the company is Rs. 99267.12 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 entered into a strategic partnership with Altice Labs, an innovation center of Altice Group for telecommunications industry. The global partnership will enable both organizations to co-create, innovate and jointly offer end-to-end solutions in Business Support System (BSS), Operations Support System (OSS), connectivity, fibre, and 5G powered by advance data-driven analytics, AI-led digital and cloud native solutions.
The strategic partnership will allow Altice Labs and Tech Mahindra to explore untapped business growth opportunities in the global communications, media, and telecom industry. The combined efforts will provide telcos the agility for building future-ready applications in BSS, OSS and 5G space. The platforms and solutions will help customers transform their technology stake, improve the efficiency, and reduce the operational expense significantly.
Tech Mahindra represents the connected world, offering innovative and customer-centric information technology experiences, enabling Enterprises, Associates and the Society to Rise.
