Tech Mahindra gains on pact with PNMsoft

The collaboration will benefit from synergies in key vertical markets

Shares of Tech Mahindra were up nearly 1% at Rs 475 after the company announced that it has entered into a collaboration with PNMsoft, a global provider of Intelligent BPM Software solutions, to benefit from synergies in key vertical markets.

"We are delighted to be entering into a strategic alliance with PNMsoft and we see PNM Soft as an important player in our mission to deliver superior customer experience solutions for our customers." said Dinesh Kumar, Vice President & Head-Microsoft Enterprise solutions, Tech Mahindra.

The stock opened at Rs 474 and touched a high of Rs 479. Over 1 million shares were traded on both the stock exchanges.