Tech Mahindra rises on launching AceFin to assist CFOs in driving profitability and growth!

5paisa Research Team 29th March 2023 - 09:56 pm

Shares of the company have gained more than 7% in the last six months.

AI-based Business Process

Tech Mahindra has launched AceFin, a cognitive AI-based Business Process-as-a-Service (BPaaS) solution designed to provide actionable insights (tactical & strategic) for Chief Finance Officers (CFOs). The solution integrates data sources from various IT systems ensuring ‘Single Source of Truth’ that enables timely decision-making and maintenance of best-in-class standards in the finance function.

AceFin will support CFOs in tracking company-wide financial and productivity metrics across business units and geographies. The solution will enable area-specific deep dives and drill-downs into any business area or process. AceFin capabilities will allow CFOs with end-to-end finance insights through greater visibility, and accessibility by bringing together various finance data elements in real-time. The solution will empower CFOs and their teams to stay on top of problems across business functions and address them on time by escalating them to the appropriate stakeholders.

Share price movement of Tech Mahindra Limited

Today, the stock opened at Rs 1075.25, with a high and low of Rs 1087 and Rs 1065.20. The stock closed trading today at Rs 1081.25, up by 1.03%.

In the last six months, the shares of the company have given more than 7% returns and on a YTD basis, the stock has given about 7.25% returns.

The stock has a 52-week high of Rs 1537.55 and a 52-week low of Rs 944.10. The company has a market capitalisation of Rs 1,05,329.70 crore.

Company profile

Tech Mahindra represents the connected world, offering innovative and customer-centric information technology experiences, enabling Enterprises, Associates and Society to Rise.

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5paisa Research Team

Disclaimer: Investment/Trading in securities Market is subject to market risk, past performance is not a guarantee of future performance. The risk of loss in trading and investment in Securities markets including Equites and Derivatives can be substantial.

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