Tech Mahindra hits fresh 52-week high on order win from Bombardier

NEW DELHI: Tech Mahindra Ltd rallied as much as 2.3 per cent in trade on Friday to hit its fresh 52-week high of Rs 2521.80, after the IT services firm said it has secured an engineering solutions deal with Canadian aerospace and transportation company Bombardier.

At 09:50 a.m.; Tech Mahindra was trading 1.7 per cent higher at Rs 2508.35. It hit a low of Rs 2479.55 and a 52-week high of Rs 2521.80 in trade today.

In a statement to PTI, Tech Mahindra said: "It has signed an agreement with Bombardier Aerospace. As part of this engagement, Tech Mahindra will provide engineering solutions to Bombardier."

As per the report financial details of the contract were not disclosed.

Both companies have signed a mutual agreement that will lead Tech Mahindra to work with Bombardier globally, it added.