Tech Mahindra (TechM) has announced acquisition of Perigord, which provides niche packaging supply-chain BPO services for global clients in the life sciences vertical. Specifically, the firm offers digital workflow and artwor
According to the IT firm’s filing on the NSE, this amount will be paid upfront and the remaining 30% shares will be acquired over the next four years at a valuation linked to financial performance of the company.
Indian stock market benchmarks BSE Sensex and Nifty 50 have gained over 8 per cent so far this year amid COVID-19 vaccine rollout, new virus strain and a fresh spike in virus cases in some states of the country.
February 2021 proved to be a roller coaster ride for the Nifty 50 index, where the first trading day of the month saw a 5 per cent rise in the index, while the last day witnessed a correction of 4 per cent.
Tech Mahindra share price fell as much as 4.18 per cent to Rs 921.40 apiece on BSE today, even as the IT firm posted a 14.3 per cent rise in its consolidated net profit in the October-December quarter.
BSE Sensex and Nifty 50 are expected to open in the positive territory on Wednesday, as suggested by trends in SGX Nifty. Nifty futures were trading 40.50 points or 0.28 per cent up at 14,641 on Singaporean Exchange.
Tata Consultancy Services (TCS) share price jumped 3.5 per cent to hit a fresh 52-week high of Rs 3,230 apiece on BSE today, following better-than-expected October-December quarter results for the fiscal.
Tech Mahindra has seen growth momentum accelerate over FY20 thanks to a spate of large deals across telecom, healthcare and insurance. It has been able to pivot its service portfolio to digital services.