Shares of the country’s leading IT company Tech Mahindra hit upper circuit as soon as the market opened on Friday (April 26). The reason for this was the presentation of a three-year roadmap by the company’s CEO and MD Mohit Joshi on April 25. It explained how the company will expand its business in the coming times and perform better than other companies in the sector.
Tech Mahindra shares
Tech Mahindra shares opened at Rs 1,250 in today’s session. The share has reached Rs 1,347 in the initial hours of trading. The stock touched a low of Rs 1,241 during the day’s trading. Let us tell you, after giving negative returns in February and March, Tech Mahindra has given positive returns of 7 percent in April.
Tech Mahindra will make big changes in business
On behalf of Joshi, it was said that Tech Mahindra will bring changes in its business in a phased manner. In the financial year 2024-25, the company’s focus will be on creating a completely separate entity. For this, investments will be made in accounts, markets and service lines. At this stage, the front end portfolio of the companies will be integrated. Focus will be on turbocharge program for key account growth. The company will also focus on cost.
vision 2027
Josh spoke about Tech Mahindra’s Vision 2027 The company set out its ‘Vision 2027’ to focus on organizational restructuring, phased business reforms and investment while harnessing the synergy with the larger businesses of the Mahindra Group. Is.
Country’s biggest tech company
Tech Mahindra’s name is included among the top companies of the country. The company’s revenue in the financial year 2023-24 has been Rs 51,996 crore. During this period the company had registered a profit of Rs 2,397 crore.
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