Tech Mahindra surges on entering into strategic partnership with TM Forum
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Tech Mahindra is currently trading at Rs. 1423.65, up by 30.75 points or 2.21% from its previous closing of Rs. 1392.90 on the BSE.
The scrip opened at Rs. 1400.00 and has touched a high and low of Rs. 1440.00 and Rs. 1400.00 respectively. So far 54499 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 1,440.00 on 21-Jan-2024 and a 52 week low of Rs. 1082.55 on 27-Jul-2023.
Last one week high and low of the scrip stood at Rs. 1440.00 and Rs. 1360.40 respectively. The current market cap of the company is Rs. 136209.23 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 entered into a strategic partnership with TM Forum, the worldwide consortium of over 800 entities driving digital innovation. The partnership will cultivate a powerhouse workforce that drives global operational excellence and digital transformation for Communication Service Providers (CSPs).
As CSPs develop new operating models, they must continuously enhance workforce skills to align their talent with technological advancements, enabling simplification, modernization, and monetization at scale and speed. The partnership will meet this critical need by leveraging TM Forum's expertise in setting industry benchmarks and Tech Mahindra's deep domain expertise as the world's largest CSP IT services provider, fostering the adoption of the digital skills essential for CSPs to drive innovation based on industry standards.
As part of the partnership, Tech Mahindra will create the largest TM Forum-certified talent pool within the CSP IT Service Provider ecosystem. Additionally, using its innovation labs, Tech Mahindra will work with TM Forum to enable the adoption of industry standards in real-life scenarios, nurturing an ecosystem of innovation and tailored solutions to meet specific challenges that CSPs face today and in the future.
Tech Mahindra represents the connected world, offering innovative and customer-centric information technology experiences, enabling Enterprises, Associates and the Society to Rise.
