Thu, Jan 25, 2024
Tech Mahindra shares plunged over 6% on Thursday after lackluster December quarter results. Net profit dived 61% YoY to Rs 510 crore, while revenue and EBITDA also slipped. Brokerages remain cautious citing weak bookings and the need for clarity on the new CEO's strategy.
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Besides, the large-cap IT consulting firm reported a sharp decline in operating profit, with the margin narrowing to 5.4 per cent from 12 per cent in the year-ago period.
Wed, Jan 24, 2024
Its overall revenue from operations declined 4.6 per cent to Rs 13,101 crore in the third quarter of the current financial year from Rs 13,734 crore in the same period a year ago.
Wed, Mar 01, 2023
The BSE Sensex rallied 448.96 points or 0.76 per cent to settle at 59,411.08. During the day, it jumped 513.33 points or 0.87 per cent to 59,475.45. In the past eight days, the BSE benchmark tumbled 2,357.39 points or 3.84 per cent.
Sat, Feb 25, 2023
Stocks to buy: IT stocks on which Sharekhan is bullish are: Tech Mahindra, Zensar Technologies, Mphasis, Happiest Minds Technologies and Birlasoft.
Sat, Feb 18, 2023
“Despite furloughs and a lower number of working days, the deal wins rose 4.1 per cent quarter-on-quarter (QoQ) and 10.7 per cent year-on-year (YoY),” Motilal Oswal said in its Q3 review report.
Wed, Feb 15, 2023
Gainers and Losers: Extending gains for a second day, the 30-share BSE Sensex advanced 242.83 points or 0.40 per cent to close at 61,275.09 with 20 of its constituents ending in the green.
Sat, Feb 04, 2023
Zee Business brings to you 3 stocks recommended by brokerage firms to keep an eye out for.
Tue, Jan 31, 2023
Tech Mahindra: Q3 profit up 0.9% to ₹1297 Cr. What were the reasons for the increase in earnings, margin? What were the key triggers for the Q3 results? Watch this special discussion on December quarter results.
Tech Mahindra came under pressure after the results. Where is the challenge to Tech Mahindra? Know Tech Mahindra Concall's highlights from Kushal Gupta.
Tech Mahindra Share Price: The IT major's management mentioned signs of a slowdown in the BFSI segment in a conference call with investors. Its constant currency revenue growth fell short of peers TCS and Infosys's 2.2 per cent and 2.4 per cent respectively.
The majority of the brokerages are divided on Tech Mahindra and Punjab National Bank (PNB) stocks a day after their December quarter earnings.
Mon, Jan 30, 2023
Tech Mahindra Q3 Results: The IT major reported a 0.9 per cent sequential increase in net profit to Rs 1,296.6 crore for the October-Decemeber period, in line with analysts' estimates.
Tech Mahindra shares rose by as much as Rs 10 or one per cent to Rs 1,040.2 apiece on BSE.
Sun, Jan 29, 2023
Tech Mahindra Q3 Results Preview: India's fifth largest IT services company by sales is all set to report its quarterly financial results on Monday, January 30. Tech Mahindra is likely to report a 1.2 per cent sequential increase in net profit to Rs 1,300 crore for the quarter ended December 2022, according to Zee Business research.
Sun, Jan 22, 2023
The Mahindra Group Chairman Anand Mahindra on Friday said that his company had toyed with the idea of merging with Satyam Computer Services a year before the Hyderabad-based IT company went bust.
Tue, Jan 17, 2023
Our Semi Conductor Policy is better than other countries, companies from all over the world are ready to invest in India: C. P. Gurnani, MD & CEO, Tech Mahindra. Watch Swati Khandelwal's exclusive conversation with C. P. Gurnani, MD & CEO, Tech Mahindra from Davos.
Mon, Jan 16, 2023
Broader indices Nifty Midcap 100 and Nifty Smallcap 100 mirrored the overall weakness, inching 0.1-0.2 per cent lower.
Thu, Jan 05, 2023
IT Q3 Results Preview: Analyst expects sequential revenue growth to stand in the range of 0.8-3.7 per cent in constant currency terms (CC) for Tier-I companies.
Wed, Jan 04, 2023
IT Stocks To Buy: Risks of recession and potential cut in FY24 revenue remain, however, margin resilience and weak rupee would limit earnings cut of the companies.
Sat, Dec 17, 2022
The agreement for the deal is expected to be signed during the first week of January 2023 and the transaction is expected to complete around the same time.
Wed, Dec 14, 2022
The 30-share BSE Sensex climbed 144.61 points or 0.23 per cent to settle at 62,677.91. The NSE Nifty advanced 52.30 points or 0.28 per cent to end at 18,660.30.
Fri, Dec 09, 2022
The IT pack was the worst-performing sector today with Nifty50 declining be nearly 3% on the intraday basis.
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