Tech Mahindra gains on pact with Bosch
The stock opened at Rs 2,430 and hit a high of Rs 2,488 so far on the BSE
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Tech Mahindra has gained by over 2% to Rs 2,478 after the company announced that it will work with Bosch Software Innovations to develop an ecosystem to offer solutions for smart cities with billions of things inter-connected via the Internet.
Tech Mahindra Digital Enterprise Solutions group Head Rishi Bhatnagar will work with Bosch Software Innovations, the software and systems house of the Bosch group, to develop proof of concepts and solutions on developing connected solutions for smart cities, enterprises and smart homes.
By 2022, about 14 billion devices are expected to be connected directly or indirectly with the Internet, Tech Mahindra said in a statement.
The stock opened at Rs 2,430 and hit a high of Rs 2,488 so far on the BSE. Over 3 lakh shares were traded on both the stock exchanges so far.
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First Published: Sep 19 2014 | 11:47 AM IST