Tech Mahindra shares rise 3% on acquisition news
after close1 source ↓written by the desknot a recommendation
- to ₹1
- 3%
- year-to-date
- 13%
Shares of Tech Mahindra gained 3% to ₹1,402.20 after announcing the acquisition of Alyis Serviços Técnicos LTDA in Brazil through its subsidiary. The deal, finalized with Orange Business Services Brasil LTDA, is expected to enhance Tech Mahindra's presence in the region. Despite this uptick, the stock remains lower than key moving averages and has declined 13% year-to-date.
Not investment advice. For informational purposes only.