Tech Mahindra is trading higher by 3% at Rs 1,273 after the company said it has signed a Memorandum of Understanding (MoU) with select Indian Universities to impart industry ready skills in IT Infrastructure Management Services (IMS).
The program aims at creating a pool of resources to meet the demand across various facets of the IMS segment, Tech Mahindra said in a press release.
Shares of Tech Mahindra are currently trading at its highest level since October 2007, outperformed the market by surging 27% from its recent low of Rs 1,000 touched on July 3, as compared to 1.1% fall in the benchmark index S&P BSE Sensex. The BSE information technology (IT) index appreciated 25% during the same period.
Meanwhile, the company is schedule to announce its April-June (Q1) quarter earnings next Monday, August 12.
The stock opened at Rs 1,240 and touched high of Rs 1,276. A combined 571,803 shares changed hands on the counter till noon deals on BSE and NSE. The stock hit an all time high of Rs 1,550 on Oct 11, 2007 on BSE.
The program aims at creating a pool of resources to meet the demand across various facets of the IMS segment, Tech Mahindra said in a press release.
Shares of Tech Mahindra are currently trading at its highest level since October 2007, outperformed the market by surging 27% from its recent low of Rs 1,000 touched on July 3, as compared to 1.1% fall in the benchmark index S&P BSE Sensex. The BSE information technology (IT) index appreciated 25% during the same period.
Meanwhile, the company is schedule to announce its April-June (Q1) quarter earnings next Monday, August 12.
The stock opened at Rs 1,240 and touched high of Rs 1,276. A combined 571,803 shares changed hands on the counter till noon deals on BSE and NSE. The stock hit an all time high of Rs 1,550 on Oct 11, 2007 on BSE.
