Tech Mahindra jumps on collaboration with Transport Systems Catapult

The company agreed to collaborate with Transport Systems Catapult to develop Intelligent Mobility solutions that address the growing capacity, operational efficiency and interoperability challenges faced by the UK supply chain and freight and logistics industries.

Tech Mahindra has gained in early morning deals on the BSE, after the company agreed to collaborate with Transport Systems Catapult (TSC), to develop Intelligent Mobility solutions that address the growing capacity, operational efficiency and interoperability challenges faced by the UK supply chain and freight and logistics industries. TSC is one of the nine elite technology and innovation centres established by Innovate UK.

The scrip opened at Rs. 567.7 and has touched a high and low of Rs. 572.5 and Rs. 564.2 respectively. So far 186460(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 54396.07 crore.

The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 749.5 on 02-Feb-2015 and a 52 week low of Rs. 458.7 on 06-Jul-2015. Last one week high and low of the scrip stood at Rs. 578.6 and Rs. 538.2 respectively.

The promoters holding in the company stood at 36.68 % while Institutions and Non-Institutions held 48.15 % and 15.17 % respectively.

The stock is currently trading below its 200 DMA.