Tech Mahindra on Thursday rose after the company said that it has collaborated with PNMsoft, a global provider of Intelligent BPM Software solutions, to benefit from synergies in key vertical markets.
The company made the announcement on Wednesday after trading hours.
Stocks of the company were seen trading at Rs 473, higher by 0.68 per cent on BSE. It touched an intraday high of Rs 478 during the trade.
PNMsoft is a global provider of Intelligent BPM Software (iBPMS) solutions. PNMsoft SequenceTM, Intelligent Business Process Management Suite, uses unique HotChange technology to enable rapid build and change of high availability workflow applications, while maintaining lifecycle governance. PNMsoft is on Gartner's iBPMS Magic Quadrant.
Meanwhile, BSE was seen trading flat at 27715 up by 18 points and Nifty was up by 1.20 points at 11.15 AM IST.