Tech Mahindra gained 1.98% to Rs 635.15 at 9:56 IST on BSE after the company said on Monday, 17 March 2008 it has signed a five-year deal with British Telecom valued in excess of $350 million.
The company made this announcement after trading hours on
The stock hit a high of Rs 644.65 and a low of Rs 630 so far during the day. The stock had a 52-week high of Rs 1687 on
The company’s current equity is Rs 121.36 crore. Face value per share is Rs 10.
The current price of Rs 635.15 discounts its Q3 December 2007 annualized EPS of Rs 64.77, by a PE multiple of 9.81.
Tech Mahindra will provide maintenance and support services to British Telecom (BT) for business critical BSS (business support system) and OSS (operating support system) applications and platforms.
The payment will be made evenly over five years.
Tech Mahindra’s net profit rose 8.57% to Rs 196.4 crore on 6.09% growth in net sale to Rs 911.6 crore in Q3 December 2007 over Q2 September 2007.
The company provides information technology (IT) services and solutions to the telecom sector. It provides a variety of services ranging from IT strategy and consulting to system integration, design, application development, implementation, maintenance and product engineering.
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