Tech Mahindra gains on the BSE
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Tech Mahindra is currently trading at Rs. 1256.00, up by 2.20 points or 0.18% from its previous closing of Rs. 1253.80 on the BSE.
The scrip opened at Rs. 1259.95 and has touched a high and low of Rs. 1262.30 and Rs. 1250.10 respectively. So far 6100 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. 1287.05 and Rs. 1236.45 respectively. The current market cap of the company is Rs. 122309.70 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 planned to merge its two wholly-owned subsidiaries, Born Group and Tech Mahindra (Americas), to synergise business operations, optimise operational cost, and reduce compliance risks. The merger is subject to regulatory approvals in the country of incorporation. The appointed date of the plan of merger is April 1, 2024.
Tech Mahindra represents the connected world, offering innovative and customer-centric information technology experiences, enabling Enterprises, Associates and the Society to Rise.
