Tech Mahindra zooms despite weakness over Dalal Street!

Shares of Tech Mahindra Limited jumped more than 7% in the today’s trade.

Partnership with StarHub

Tech Mahindra has entered into a partnership with StarHub, a leading homegrown company from Singapore that delivers world-class communications, entertainment and digital services. Tech Mahindra is assisting StarHub to modernize its IT operations for consumer facing systems and processes, to simplify user journeys, achieve increased IT operational efficiency and improve customer experiences. The partnership has allowed StarHub to roll out product offers and business changes quicker, launch a reliable and agile platform to future-proof its investments and fast-track innovation based on cloud native principles.

As part of this engagement, Tech Mahindra has been working closely with technology partners such as CompaxDigital, Dreamcloud and MATRIXX Software, to provide digital services and solutions in support of StarHub’s ambitious DARE+ strategy, a journey that began with a new focus on customer experience.

Share price movement of Tech Mahindra Limited 

Today, the stock opened at Rs 1115.00, with a high and low of Rs 1164.50 and Rs 1115.00. The stock is closed trading at Rs 1133.60, up by 6.83%.

The stock has a 52-week high of Rs 1574.80 and a 52-week low of Rs 944.10. The company has a ROCE of 26.48% with a market capitalisation of Rs 1,10,413 crore.

Company profile  

Tech Mahindra Ltd provides a comprehensive variety of IT services to a diverse base of corporate customers across a wide range of industries, including IT-enabled services, application development and maintenance, consulting and enterprise business solutions, among others. Infrastructure and cloud services, engineering services, application services, data analytics, network services, testing services, performance engineering, security business process services, product engineering, consulting and other services are available from the company.