Tech Mahindra's stock is seeing a slight rise, currently trading at ₹1,643.15, up by 1.35 points or 0.08% from its previous close of ₹1,641.80 on the BSE.

The stock opened at ₹1,645.50, reaching a peak of ₹1,650.00 and a low of ₹1,639.35. A total of 4,186 shares have changed hands so far. The stock, part of the BSE 'A' group with a face value of ₹5, achieved a 52-week high of ₹1,664.15 on August 28, 2024, and a 52-week low of ₹1,089.00 on October 26, 2023.

In the last week, the stock’s high was ₹1,650.00, while the low was ₹1,575.55. The company currently holds a market capitalization of ₹1,60,602.91 crore. The promoter holding stands at 35.05%, with institutional investors and non-institutional investors holding 54.11% and 10.85% respectively.

In a significant development, Tech Mahindra has partnered with Discai, a fully-owned subsidiary of KBC Group specializing in BankTech solutions. This collaboration aims to provide an advanced AI-powered Anti-Money Laundering (AML) solution that enhances transaction monitoring and ensures regulatory compliance for financial institutions.

By merging Tech Mahindra's IT expertise with Discai’s innovative AI and rule-based AML technology, the partnership will offer a reliable, compliant, and seamless solution for financial institutions. The solution focuses on AI and rule-based monitoring (KYT AML – Know Your Transaction Anti-Money Laundering), aiding in the prevention and detection of financial crimes while ensuring adherence to regulatory frameworks.

Together, Tech Mahindra and Discai will deliver an efficient solution combining AI technology and rule-based systems, helping financial institutions remain compliant while boosting operational efficiency by mitigating IT integration risks. Tech Mahindra continues to be a leader in delivering customer-centric IT solutions, enabling businesses and societies to thrive.