Tech Mahindra gains on partnering with Competera
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Tech Mahindra is currently trading at Rs. 1335.70, up by 23.75 points or 1.81% from its previous closing of Rs. 1311.95 on the BSE.
The scrip opened at Rs. 1316.10 and has touched a high and low of Rs. 1338.25 and Rs. 1316.10 respectively. So far 7833 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. 982.95 on 28-Apr-2023.
Last one week high and low of the scrip stood at Rs. 1344.80 and Rs. 1310.20 respectively. The current market cap of the company is Rs. 130388.22 crore.
The promoters holding in the company stood at 35.11%, while Institutions and Non-Institutions held 53.67% and 11.23% respectively.
Tech Mahindra has entered into a strategic partnership with Competera, headquartered in the US. Competera is a pioneer in AI-powered pricing technologies that enables retailers to set and maintain optimal pricing in real-time. The strategic partnership will provide retail customers with swift and efficient deployment of price optimization solutions, empowering retailers to increase bottom-line metrics and foster brand loyalty.
The partnership will combine Competera’s AI pricing platform and Tech Mahindra’s comprehensive end-to-end business engineering services, including consulting, integration, customization, and product support, to add value to the retail customers. By combining their technical expertise and deep industry knowledge, Tech Mahindra and Competera will offer retail customers bespoke real-time pricing solutions that are fine-tuned to meet their unique business needs and seamlessly integrate into their existing tech stacks.
Tech Mahindra represents the connected world, offering innovative and customer-centric information technology experiences, enabling Enterprises, Associates and the Society to Rise.
