Tech Mahindra gains on expanding partnership with Cisco
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Tech Mahindra is currently trading at Rs. 1258.55, up by 21.85 points or 1.77% from its previous closing of Rs. 1236.70 on the BSE.
The scrip opened at Rs. 1260.25 and has touched a high and low of Rs. 1272.00 and Rs. 1237.45 respectively. So far 21209 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 1416.00 on 23-Jan-2024 and a 52 week low of Rs. 1060.20 on 09-Jun-2023.
Last one week high and low of the scrip stood at Rs. 1287.95 and Rs. 1194.00 respectively. The current market cap of the company is Rs. 123200.92 crore.
The promoters holding in the company stood at 35.09%, while Institutions and Non-Institutions held 53.74% and 11.17% respectively.
Tech Mahindra has expanded its strategic partnership with Cisco to deliver a next-generation firewall (NGFW) modernization solution for their shared global customers. The partnership between Cisco and Tech Mahindra elevates standard firewall functions with sophisticated features such as unified policy management across on-premises and cloud environments.
Additionally, it integrates Talos threat intelligence and delivers comprehensive malware defense for the network and endpoints, among other enhancements. The NGFW is designed to be flexible, adjusting to the ever-changing requirements of network environments and security risks, and is available in various deployment formats, including hardware, software, and virtual options.
The partnership will further expand Tech Mahindra’s security service portfolio, enhance market reach, and provide upskilling opportunities for its workforce. As per analyst reports, the global average cost of a data breach was $4.35 million in 2023. Cisco's Secure Firewall is a next-generation firewall, an essential tool for the security of your networks, that delivers extensive visibility and robust protection against a wide array of threats, including malware, known and unknown exploits, and web-based attacks, across applications, devices, users, and multi-clouds networks.
Tech Mahindra represents the connected world, offering innovative and customer-centric information technology experiences, enabling Enterprises, Associates and the Society to Rise.
