Tech Mahindra (TechM) shares gained on Friday after has signed an agreement with Bombardier Aerospace. As part of this engagement, Tech Mahindra will provide engineering solutions to Bombardier.
Tech Mahindra and Bombardier have signed a mutual agreement that will lead Tech Mahindra to work with Bombardier globally. Tech Mahindra plans to invest significantly in infrastructure and talent in the Montreal region. Tech Mahindra aims to grow its Canada team to 1,200 people in the next five years.
Shares of the company are trading at Rs 2,508.30, up Rs 43.45, or 1.76% at the Bombay Stock Exchange (BSE) on Friday at 9:40 a.m.
The scrip has touched an intra-day high of Rs 2,521.80 and low of Rs 2,479.55. The total volume of shares traded at the BSE is 9,935.