Friday, 8 January 2016

Tech Mahindra climbs 1.8%; announces global tie-up with MetricStream

Tech Mahindra has entered into a strategic alliance with MetricStream Inc to deliver governance risk and compliance management applications across the globe, the city-based information technology services provider said.



Tech Mahindra climbed 1.8% to Rs. 520.90 on Friday. The IT firm has entered into a strategic alliance with MetricStream Inc to deliver governance risk and compliance management applications across the globe, the city-based information technology services provider said.

The scrip opened at Rs. 515.55 and has touched a high and low of Rs. 521.2 and Rs. 513.3 respectively. So far 832661(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 49449.18 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. 525.9 and Rs. 504.85 respectively.

The promoters holding in the company stood at 36.65 % while Institutions and Non-Institutions held 49.08 % and 14.27 % respectively.

The stock is currently trading above its 200 DMA.

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