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15-Apr2019

Tech Mahindra rises on collaborating with Samsung SDS

Tech Mahindra is currently trading at Rs. 796.95, up by 12.25 points or 1.56% from its previous closing of Rs. 784.70 on the BSE.

The scrip opened at Rs. 786.75 and has touched a high and low of Rs. 800.00 and Rs. 785.00 respectively. So far 77166 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 840.10 on 21-Feb-2019 and a 52 week low of Rs. 612.50 on 26-Jul-2018.

Last one week high and low of the scrip stood at Rs. 800.00 and Rs. 774.85 respectively. The current market cap of the company is Rs. 78349.40 crore.

The promoters holding in the company stood at 35.94%, while Institutions and Non-Institutions held 51.49% and 12.58% respectively.

Tech Mahindra has collaborated with Samsung SDS. As part of the collaboration, the company will offer Samsung SDS's blockchain platform, Nexledger, in the Indian and global market.

Nexledger, a blockchain platform developed by Samsung SDS, is flexible and scalable with the ability to deliver wide spectrum of customizable use case application services to trusted participants on the fly, based on enterprise specific requirements.

Tech Mahindra is a leading provider of solutions and services to the telecommunications industry with a majority stake owned by Mahindra & Mahindra. The company, since 2002 has operations in China with offices in Beijing, Shanghai, Nanjing and Guangzhou.


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