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Tech Mahindra gains on launching 5G-enabled solution to build ‘Factory of the Future’

  • Oct-09-2019
  • 14 Hrs IST

Tech Mahindra is currently trading at Rs. 709.45, up by 5.25 points or 0.75% from its previous closing of Rs. 704.20 on the BSE.

The scrip opened at Rs. 705.20 and has touched a high and low of Rs. 713.50 and Rs. 702.10 respectively. So far 26198 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 846.00 on 02-May-2019 and a 52 week low of Rs. 607.90 on 31-Jul-2019.

Last one week high and low of the scrip stood at Rs. 717.50 and Rs. 692.80 respectively. The current market cap of the company is Rs. 68700.03 crore.

The promoters holding in the company stood at 35.90%, while Institutions and Non-Institutions held 50.80% and 13.12% respectively.

Tech Mahindra has launched a 5G-enabled solution to build wireless and secure ‘factory of the future.’ It is an end-to-end business and technology solution to enable manufacturers to achieve industry 4.0 goals.

The solution, built in partnership with Cisco, a worldwide technology leader, will provide network infrastructure assessment and consultancy services to build ‘factory of the future’. Key highlights of the factory infrastructure space include - factory wireless network, factory to enterprise Software Defined network, Cybersecurity, IT-OT (Information Technology - Operation Technology) integration areas.

Tech Mahindra is a leading provider of solutions and services to the telecommunications industry with a majority stake owned by Mahindra & Mahindra. The company, since 2002 has operations in China with offices in Beijing, Shanghai, Nanjing and Guangzhou.