Tech Mahindra surges on entering into a global strategic partnership with Retalon
Tech Mahindra is a part of the Mahindra Group, and is a leading global enabler of digital transformation.
On January 10, 2023, the company informed in the exchange filing that, Tech Mahindra has entered into a global strategic partnership with Retalon, a leader in retail AI and predictive analytics solutions. The partnership will enable Retail and CPG organizations to gain better customer insights, improve decision-making, and enhance operational efficiency.
Together, Tech Mahindra and Retalon will offer a unified common analytic platform to help enterprises unlock significant value in end-to-end planning, inventory management, supply chain network strategy, pricing, and promotion optimization. The joint efforts will also offer an integrated solution to make smarter inventory & fulfilment decisions, which will result in improved gross margins from 9-12% annually.
Tech Mahindra, part of the eminent Mahindra Group, is a leading global enabler of digital transformation, consulting and business re-engineering services and solutions. It delivers technology solutions across many countries in Americas, Europe, Middle-East, Latin America, Africa and Asia-Pacific. Such prudent geographic diversification also reduces market concentration risks to the business.
Today, the stock opened at Rs 1006.05 with a high and low of Rs 1016.50 and Rs 1030.70. The stock closed trading today at Rs 1006.35, up by 0.37%.
In the last six months, the shares of the company have given about 0.87% returns and on a YTD basis, the stock has given -0.35% returns.
The stock has a 52-week high of Rs 1754.10 and a 52-week low of Rs 944.10. The company has a ROCE of 26.6% and an ROE of 21.5%, with a market capitalisation of Rs 97,996 crore.
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