Tech Mahindra soars on deepening ties with Telefonica Germany to build next-gen private cloud platform
Tech Mahindra is currently trading at Rs. 1457.20, up by 41.90 points or 2.96% from its previous closing of Rs. 1415.30 on the BSE.
The scrip opened at Rs. 1419.85 and has touched a high and low of Rs. 1,462.00 and Rs. 1419.80 respectively. So far 56760 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 1850.00 on 03-Feb-2026 and a 52 week low of Rs. 1304.25 on 09-Mar-2026.
Last one week high and low of the scrip stood at Rs. 1,462.00 and Rs. 1344.95 respectively. The current market cap of the company is Rs. 142475.93 crore.
The promoters holding in the company stood at 34.97%, while Institutions and Non-Institutions held 56.08% and 8.95% respectively.
Tech Mahindra has expanded its partnership with Telefonica Germany to build a next-generation private cloud platform to accelerate cloud-native transformation and to provide Platform-as-a-Service (Paas) for technology and enterprise business growth. The multi-year engagement will focus on enabling a scalable, open, and future-ready digital infrastructure foundation to modernize telecom and enterprise workloads. The partnership will combine the company’s end-to-end platform engineering and AI-first operations with Telefonica Germany’s telecom infrastructure modernization objectives to create PaaS, laying the foundations for a full-scale private cloud.
The platform will work as a scalable blueprint for open digital infrastructure transformation at enterprise level with building blocks of Compute, Storage, Backup, Containers, Graphics Processing Units (GPU) and Ransomware Protection as a Service. The partnership will empower Telefonica Germany with a flexible cloud environment that supports cloud-native innovation, AI-led operations, and long-term infrastructure transformation. Additionally, Telefónica Germany will be able to accelerate infrastructure sovereignty, telco cloud advancements, reduce dependency on proprietary virtualization environments, and strengthen business-to-business (B2B) monetization capabilities through a unified strategic partnership model.
The company will also leverage AI-driven automation, cloud-native orchestration, infrastructure-as-code frameworks, and self-service platform management capabilities to support the platform as a service. The platform is designed to enhance AI-first automation, operational flexibility and resilience while supporting both traditional and next-generation infrastructure services for telecom and enterprise businesses across Germany. The partnership further strengthens the company’s position as a strategic transformation and platform engineering partner for telecom operators in Europe while expanding opportunities across managed services, cloud transformation, platform engineering, and telecom infrastructure modernization.
