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, Feb 02, 2022
Indian markets are likely to trade higher on Wednesday, tracking positive global cues, but there will be stock-specific action in which global brokerage came out with their reports on business development, or earnings outlook.
Wed, Jan 19, 2022
The stock on Wednesday declined over 2 per cent to Rs 1,628 per share on the BSE intraday trade.
Tue, Jan 18, 2022
The Indian markets are likely to consolidate on Tuesday tracking muted global cues, but there will be stock-specific action in which global brokerage came out with their reports on business development, or earnings outlook.
Tue, Dec 28, 2021
Shares of IT consulting and software giant Tech Mahindra on Tuesday hit a consecutive 52-week high after closing at Rs 1,791.95 per share on the BSE on Monday
Mon, Dec 27, 2021
Indian market snapped a 3-day winning streak to close in the red on Friday. The S&P BSE Sensex fell nearly 200 points while the Nifty50 closed just a shade above 17000.
Fri, Dec 10, 2021
The IT major with a market capitalization of Rs 1.5 lakh cr hit a fresh 52-week high of Rs 1637 on 3 December, but since then it went under some consolidation.
Fri, Dec 03, 2021
IT company Tech Mahindra on Friday said it has acquired 100 per cent stake in Activus Connect, which provides work-at-home customer experience management solutions, for USD 62 million (about Rs 466 crore).
Thu, Dec 02, 2021
Technical Analyst Nilesh Jain continues to be bullish on the It sector and puts his bet on the index heavyweights. He has been recommending IT stocks over the last 3-4 months. The spotlight remains on the IT sector, he added
Indian market managed to bounce back on Wednesday pushing the benchmark indices above crucial resistance levels. The Nifty50 closed above 17,100 levels.
Tue, Oct 26, 2021
Tech Mahindra shares on Tuesday soared to a new high on back of September quarter result and announcement of record date for special dividend by the Information and Technology giant.
Mon, Oct 25, 2021
Information and Technology major Tech Mahindra has reported strong numbers on a year-on-year (yoy) basis, however, the numbers were muted on a quarter-on-quarter (qoq) basis during the second quarter of the financial year 2021-22 (Q2FY22). The company announced its result through a filing on exchanges.
Thu, Oct 21, 2021
Technical Analyst Nilesh Jain does not see it as a major correction and sees this as an opportunity to make fresh moves in certain stocks. The Nifty IT index was trading at 36,076.15 around this time
Tue, Oct 19, 2021
The 10-share Nifty IT index, all the stocks advanced with no loser around this time. The top gainers were Larsen & Toubro Infotech Limited, L&T Technology Services Limited (LTTS) and MPhasiS Limited. They were up 11.41 per cent, 5.89 per cent and 5.58 per cent respectively
Wed, Sep 22, 2021
Nifty IT Index on Wednesday’s trading session touched a new life high of 36713.15 level, after rallying for 1.5 per cent on the NSE. The IT index was the biggest gainer on the intraday basis among all sectoral indices aiding the benchmarks today.
Fri, Jul 30, 2021
Amid 'better-than-expected' Q1 numbers, the shares of Tech Mahindra touched a fresh record high of Rs 1237 per share after surging by around 10 per cent on the BSE intraday trade on Thursday. The Nifty heavyweight shares opened over 5 per cent higher, becoming the top gainer today.
Thu, Jul 29, 2021
The information and technology major — Tech Mahindra on Thursday reported a near 40 per cent year-on-year jump in the first quarter consolidated net profit to Rs 1,353 crore for the financial year 2021-22, while it rose 25 per cent on a quarter-on-quarter basis, the company said in a filing to bo
Amid the monthly expiry of the F&O market today, there are certain top stocks and developments that would drive the capital markets on Thursday. From US Fed’s policy decision to Important first-quarter results of Tech Mahindra, TVS Motors and Colgate are key development to watch out for today.
Tue, Jun 08, 2021
Stock Markets Today: After achieving their lifetime highs on Monday, the stock markets today ended slightly lower on Tuesday. The BSE Sensex closed at 52,275.57, down by 0.1 per cent or 53 points. Meanwhile, the broader market NSE Nifty 50 closed at 15,740.10, going down by just over 11 points
Tue, Apr 27, 2021
A day after its quarter-four results were declared, Brokerage firms gave given either a Buy or Overweight call for Tech Mahindra stock. The company reported a decline in the Q4 profit by over 17 per cent on Monday. This was the fifth Indian IT company to release its earnings on Monday.
Tue, Apr 20, 2021
At 12:45 pm, the S&P BSE Sensex was trading at a loss of 51.94 points or 0.11% at 47,897.48, while the Nifty 50 index was trading 9.05 points or 0.06% lower at 14,30.40. Meanwhile, certain stocks were in action in either direction based on reports linked to them.
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