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.
Thu, Aug 11, 2022
The global markets, especially the US, closed in the green on Wednesday and Asian indices are trading mixed in the early morning trade on Thursday.
Fri, Jul 29, 2022
Zee Business brings you a list of 20 stocks from cash, techno, and F&O space. These stocks have been picked keeping in view investors' short-to-long term requirements.
Wed, Jul 27, 2022
Service will be available in 50 Indian cities by the end of this year.
Mon, Jul 25, 2022
The Mahindra group company, which is the fifth biggest IT exporter in the country, had posted a net profit of Rs 1,353 crore in the year-ago period.
Sat, Jul 16, 2022
Tata Group company TCS slid to 23.1 per cent, much lower than the aspirational band of over 26 per cent which hurt the profit growth.
Mon, Jun 27, 2022
Taking cues from strong third-quarter Accenture earnings, the shares of information technology (IT) firms were in focus on Monday with the Nifty IT index gaining nearly 3 per cent on the National Stock Exchange (NSE) in intra-day trade.
Thu, Jun 23, 2022
Stocks to buy: Market expert and IIFL Securities Director Sanjeev Bhasin on Thursday said that today is the day of automobiles and technology. He said that it is a simple equation, if sell-off is coming in commodities globally like cotton, aluminum, steel and oil, then auto and IT will witness the best sales ever.
Sat, Jun 11, 2022
Global brokerage houses have issued their ratings on some stocks and have changed the targets of some stocks. These stocks include SBI Life and Tech Mahindra.
Mon, Jun 06, 2022
Stock market has been trading volatile for the past few months on back of several domestic and global triggers. On Monday, when the Reserve Bank of India began its three-day MPC meeting, benchmark indices Nifty50 and Sensex were trading with minor cuts of 0.36% to 16, 524 and 55,560 around 12.15 pm.
Sat, May 28, 2022
The brokerage had pre-empted the concern in revenues mainly due to macroeconomic conditions in the fourth quarter of the financial year 2021-22.
Tue, May 17, 2022
Having committed over USD 955 million (around Rs 7,353 crore) to acquire 10 companies in the immediate past, Tech Mahindra will be less acquisitive in the new fiscal year and focus on integrating them, a senior company official said
Fri, May 13, 2022
Q4 Results 2022: Several listed companies announced their March quarter results on Friday. Among them were Tech Mahindra, Welspun Enterprises and Uco Bank, which reported a YoY jump in their net profits, while Escorts posted a dip in its PAT
Thu, May 05, 2022
Market Expert and IIFL Securities Director Sanjiv Bhasin said that US Fed prices are priced in but the elephant in the room was the RBI move.
Mon, Apr 18, 2022
Investors' wealth tumbled over Rs 3.39 lakh crore in morning trade on Monday as equity markets went into a tailspin, with the Sensex plunging 1,291.93 points.
Thu, Mar 31, 2022
Bharti Airtel and Tech Mahindra on Thursday announced a strategic partnership to jointly develop and market enterprise-grade digital solutions across 5G, private networks and cloud.
Sun, Mar 13, 2022
The acquisition is expected to bolster Tech Mahindra's digital solutions and services in automotive consulting, design, development.
Mon, Mar 07, 2022
The IT major outperformed benchmark indices on a 1-week, and 1-month basis amid volatility from the Russia-Ukraine war.
In an interview with Zeebiz's Kshitij Anand, Kothari highlights that history suggests that major bottoms are being made when the VIX is above 30 mark.
Mon, Feb 28, 2022
IT major Tech Mahindra on Monday announced the launch of TechMVerse, its Metaverse practice, to deliver interactive and immersive experiences in the Metaverse for its customers.
Wed, Feb 02, 2022
The most aggressive target price of Rs 2220 was put out by Nomura which translates into an upside of over 47 per cent from Rs 1506 recorded on 1st February.
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