Stocks

TechM shares hit 52-week high

BL Internet Desk Chennai | Updated on January 18, 2018 Published on January 16, 2018

BL21TECH2   -  Business Line

Shares of Tech Mahindra today surged over 3 per cent to a 52-week high of Rs 561.35 as the company has tied up with Israel’s ContextSpace for cybersecurity.

After opening strong at Rs 548.10, the company shares surged 3.20 per cent to touch a high of Rs 561.35 on the BSE. On the NSE, the stock opened at Rs 548, then jumped 3.26 per cent to a high of Rs 561.50. In terms of equity volume, 0.92 lakh shares exchanged hands on the BSE.

The IT company has exchanged a teaming agreement with Israel-based data protection expert ContextSpace Solutions. Under the pact, both will launch a global privacy ecosystem - MyData Shield, which is a cloud-based privacy protection service to help address security and personal data protection concerns globally.

It has also announced a strategic programme — Tech M Next —in Israel. The programme is about accelerating growth strategy with start-up collaboration.

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Published on January 16, 2018
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