Friday 5 September 2014

Tech Mahindra hits fresh 52-week high on order win from Bombardier




BSE Code - 532755
Face Value - Rs 10.00
Group - BSE 'A'
Shareholding pattern -(a)Promoters - 36.15%
                                  (b)Institutions - 49.88%
                                  (c)Non-Institutions - 13.97%
One year High-Low - Rs 2521.80 - Rs 1259.40
     Tech Mahindra is a specialist in digital transformation, consulting and business re-engineering solutions. It is a $3.2 billion company with 92,000+ professionals across 51 countries. It provides services to 632 global customers including Fortune 500 companies.
     Tech Mahindra, specialist in digital transformation, consulting and business re-engineering has signed an agreement with Bombardier Aerospace. As part of this engagement, Tech Mahindra will provide engineering solutions to Bombardier.
     Tech Mahindra and Bombardier have signed a mutual agreement that will lead Tech Mahindra to work with Bombardier globally. Tech Mahindra plans to invest significantly in infrastructure and talent in the MontrĂ©al region. Tech Mahindra aims to grow its Canada team to 1,200 people in the next five years.
     Currenlty stock trading at Rs 2476.80, up by 11.95 points from its previous closing of Rs 2465.85 on the BSE.

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