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Tech Mahindra Tumbles After Weak Q3 Results | Stock Market News

Tech Mahindra Tumbles After Weak Q3 Results | Stock Market News

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.

Tech Mahindra takes a knock on disappointing Q3 earnings; should you buy the dip?

Tech Mahindra takes a knock on disappointing Q3 earnings; should you buy the dip?

Thu, Jan 25, 2024

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.

Tech Mahindra Q3 result: Net profit falls 60% to Rs 510 crore

Tech Mahindra Q3 result: Net profit falls 60% to Rs 510 crore

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.

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Top stock tips today: Tech Mahindra | In talk with Anil Singhvi, analyst Vikas Sethi reveals stop-loss, target price

Top stock tips today: Tech Mahindra | In talk with Anil Singhvi, analyst Vikas Sethi reveals stop-loss, target price

Mon, Jul 20, 2020

Top stock tips today: Zee Business Managing Editor and Market Guru Anil Singhvi on Monday spoke to Vikas Sethi, Managing Director of Sethi Finmart Private Limited, to know the latter's Special Short Term Pick. Speaking on the matter, Vikas Sethi, said, "I have picked Tech Mahindra.

Exclusive | ITI Limited’s CMD RM Agarwal speaks to Anil Singhvi on MoU with Tech Mahindra, Q4 results

Exclusive | ITI Limited’s CMD RM Agarwal speaks to Anil Singhvi on MoU with Tech Mahindra, Q4 results

Fri, Jun 26, 2020

ITI Limited’s MoU with Tech Mahindra for electronic manufacturing is historical from the the country's standpoint, R.M. Agarwal, Chairman and Managing Director (CMD) ITI Limited told Zee Business Managing Editor Anil Singhvi in an exclusive interview today

Tech Mahindra expects 5G, home connectivity to drive growth

Tech Mahindra expects 5G, home connectivity to drive growth

Mon, May 11, 2020

IT company Tech Mahindra expects 5G rollout, demand for home connectivity and digitisation will drive business growth in the coming days, senior officials of the company said

Stock Market: Sensex, Nifty dip on weak Wall Street sentiments; SBI, Tech Mahindra, Infosys stocks crash

Stock Market: Sensex, Nifty dip on weak Wall Street sentiments; SBI, Tech Mahindra, Infosys stocks crash

Wed, Apr 01, 2020

Stock Market: The BSE Sensex lost 1203 points and closed at 28,265 levels while the 50-stocks NSE Nifty index dipped 340 points and closed at 8,257 levels.

Tech Mahindra MD talks on Coronavirus impact on industry

Tech Mahindra MD talks on Coronavirus impact on industry

Thu, Feb 13, 2020

Exclusive Talk With Tech Mahindra MD C P Gurnami over the impact of Coronavirus on industry कोरोनावायरस का असर केवल स्वास्थ्य पर नहीं, बल्कि इंडस्ट्री पर भी इसका असर दिखने लगा है। टेक महिंद्रा के एमडी से जी बिजनेस की खास बातचीत हुई।

Davos 2020: 5G is going to be the key pillar of growth for Tech Mahindra, says CP Gurnani

Davos 2020: 5G is going to be the key pillar of growth for Tech Mahindra, says CP Gurnani

Thu, Jan 23, 2020

CP Gurnani, MD & CEO, Tech Mahindra India, talks about climate change and need to look after it, his company's focus and key pillars for growth in 2020 during a candid chat with Swati Khandelwal, Zee Business in Davos (#ZeeBusinessatDavos) on the sidelines of the World Economic Forum.

Tech Mahindra bags Rs 500cr smart city project in Pune

Tech Mahindra bags Rs 500cr smart city project in Pune

Fri, Dec 13, 2019

"Through this engagement with Tech Mahindra consortium, we aim to fulfil our vision of transforming Pimpri Chinchwad with the use of cutting edge technologies," Hardikar said.

Tech Mahindra's core margin will continue to improve in future: Manoj Bhat, CFO

Tech Mahindra's core margin will continue to improve in future: Manoj Bhat, CFO

Thu, Nov 07, 2019

July-September quarter has been a very satisfying quarter for Tech Mahindra as every vertical except manufacturing has grown at our end, says Manoj Bhat, CFO, Tech Mahindra.

Stock Market India: Sensex, Nifty rise on positive global cues; Tech Mahindra, Vodafone Idea stocks gain

Stock Market India: Sensex, Nifty rise on positive global cues; Tech Mahindra, Vodafone Idea stocks gain

Fri, Sep 06, 2019

The BSE Sensex opened 169 points up at 36,814 levels while the 50-stock Nifty opened 39 points up at 10,887 levels. The Bank Nifty index was 108 points northward in the opening bell at 27,027 levels.

Stocks in Focus on September 6: Sun Pharma, Reliance Industries to Tech Mahindra; here are the 5 Newsmakers of the Day

Stocks in Focus on September 6: Sun Pharma, Reliance Industries to Tech Mahindra; here are the 5 Newsmakers of the Day

Fri, Sep 06, 2019

Reliance Industries, Sun Pharmaceutical Industries, Bajaj Finance, L&T Finance Holdings and Tech Mahindra are the top 5 stocks that would remain in focus today.

Frontline IT firms face margin headwinds in Q1: Centrum

Frontline IT firms face margin headwinds in Q1: Centrum

Tue, Aug 20, 2019

Tier 1 IT services, or the frontline stocks, delivered a mixed performance in the first quarter (Q1) ending June, where HCL Tech and Tech M did well in revenue, both missing margin estimates, said brokerage firm Centrum.

Tech Mahindra Q1FY20 Results: Company claims better performance in coming quarters

Tech Mahindra Q1FY20 Results: Company claims better performance in coming quarters

Wed, Jul 31, 2019

Tech Mahindra officials claim better deal pipeline, better orders and lowering margins that sounds for a better numbers in coming quarters of the current financial year.

Tech Mahindra reports 6.8% rise in Q1 PAT at Rs 959 crore, 5 key things to know

Tech Mahindra reports 6.8% rise in Q1 PAT at Rs 959 crore, 5 key things to know

Wed, Jul 31, 2019

IT giant Tech Mahindra has recorded 6.8% year-on-year rise in its profit at Rs 959 crore for the quarter ended June 30.

ACC, Tech Mahindra, Axis Bank to Hero MotoCorp: Which shares to buy?

ACC, Tech Mahindra, Axis Bank to Hero MotoCorp: Which shares to buy?

Wed, Jul 31, 2019

Brokerage Edelweiss said that ACC is likely to be the biggest beneficiary of a) the step-up in supplies by Coal India Ltd (CIL) to non-power sectors.

Sensex, Nifty rise on ease in Iran tension, crude oil slump; Kotak Mahindra Bank, HCL Technologies, Tech Mahindra stocks gain

Sensex, Nifty rise on ease in Iran tension, crude oil slump; Kotak Mahindra Bank, HCL Technologies, Tech Mahindra stocks gain

Wed, Jul 17, 2019

The stock market of India rose on ease in Iran tension in the Middle East and crude oil nosediving over 3 per cent yesterday. The BSE Sensex gained 84 points and closed at 39,215 levels while the Nifty 50 index went northward 24 points and closed at 11,687 levels.

From one FAANG to another: Jeff Bezos' Amazon creates this big opportunity for Indian FAANG stocks - Here's how

From one FAANG to another: Jeff Bezos' Amazon creates this big opportunity for Indian FAANG stocks - Here's how

Thu, Jun 13, 2019

India also has its own list of FAANG stocks including IT-majors like Tata Consultancy Services (TCS), Infosys, Wipro, HCL Technologies and Tech Mahindra.

ICC World Cup 2019: 3 stocks that possess the fighting spirit of Jasprit Bumrah, Bhuvaneshwar Kumar, Yuzvendra Chahal

ICC World Cup 2019: 3 stocks that possess the fighting spirit of Jasprit Bumrah, Bhuvaneshwar Kumar, Yuzvendra Chahal

Fri, Jun 07, 2019

The India vs South Africa match this week, was definitely a unique and interesting. Interestingly, you can even bring these three bowlers technique on Dalal Street as well.

Tech Mahindra collaborates with Cisco, deploys solutions at Hyderabad campus

Tech Mahindra collaborates with Cisco, deploys solutions at Hyderabad campus

Thu, May 30, 2019

Tech Mahindra and Cisco that will help drive outcomes around automation, analytics and security in Tech Mahindra's Off-Shore Development Centre (ODC) which serves 106 customers globally.

Tech Mahindra’s Communication Business grew 10% in the year: CP Gurnani, CEO

Tech Mahindra’s Communication Business grew 10% in the year: CP Gurnani, CEO

Fri, May 24, 2019

Tech Mahindra’s management, CP Gurnani, Chief Executive Officer; L. Ravichandran, Chief Operating Officer; and Manoj Bhat, Chief Financial Officer (CFO) talks about the company’s financial result of the fourth quarter, growth outlook for next quarters and order book for FY20 among others.

Zee exclusive: Tech Mahindra slips 4% after Q4 nos; see what firm officials says

Zee exclusive: Tech Mahindra slips 4% after Q4 nos; see what firm officials says

Wed, May 22, 2019

Shares of Tech Mahindra fell almost 4 per cent in Wednesday's session to Rs 745.30, a day after the company reported a 7.32 per cent YoY drop in consolidated profit at Rs 1,132.50 crore for the March quarter.

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