Tech Mahindra gains after collaborating with PNMsoft

Tech Mahindra rose 1.28% to Rs 476.10 at 9:30 IST on BSE after the company said it has collaborated with PNMsoft, a global provider of Intelligent BPM Software solutions, to benefit from synergies in key vertical markets.

The company made announcement after trading hours yesterday, 8 July 2015.

Meanwhile, the S&P BSE Sensex was almost unchanged at 27,688.76.

On BSE, so far 27,090 shares were traded in the counter as against average daily volume of 4.2 lakh shares in the past one quarter.

The large-cap IT services provider hit a high of Rs 478.50 and a low of Rs 473.70 so far during the day. The stock hit a record high of Rs 749.50 on 2 February 2015. The stock hit a 52-week low of Rs 458.70 on 6 July 2015.

PNMsoft is a global provider of Intelligent BPM Software (iBPMS) solutions. PNMsoft SequenceTM, Intelligent Business Process Management Suite, uses unique HotChange technology to enable rapid build and change of high availability workflow applications, while maintaining lifecycle governance. PNMsoft is on Gartner's iBPMS Magic Quadrant.

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