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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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McLeod Russel, Videocon Industries among top stocks that will remain in focus today

McLeod Russel, Videocon Industries among top stocks that will remain in focus today

Thu, Jun 07, 2018

Stocks in news: The National Company Law Tribunal’s (NCLT) Mumbai bench admitted the insolvency petition filed by lenders against Videocon Industries after the company failed to repay its Rs 210 billion debt.

Analysts bullish on TCS share price, expect 20-25% more returns

Analysts bullish on TCS share price, expect 20-25% more returns

Tue, Apr 24, 2018

TCS has more than double in market capitalisation of the next biggest IT firm Infosys ($39 billion), and even oil-to-retail conglomerate Reliance Industries, at $88 billion m-cap, has much catching up to do.

How Tech Mahindra is betting on start-ups in emerging technologies

How Tech Mahindra is betting on start-ups in emerging technologies

Tue, Apr 10, 2018

One of the most important business divisions of the $19 billion Mahindra Group, it is valued at $6.7 billion or thereabouts, according to Forbes. In the last 18 months or so, the company has gradually moved away from traditional software services to what is now being touted as “emerging tech”

Tech Mahindra bets big on 5G services, sets up lab in Bengaluru

Tech Mahindra bets big on 5G services, sets up lab in Bengaluru

Sun, Feb 25, 2018

C P Gurnani, CEO and Managing Director of Tech Mahindra, said the company has already re-skilled about 30,000 of its employees in handling emerging technologies, and added that the remaining 75,000 employees will be re-skilled by the end of the current calendar year..

Sensex barely holds 34,000 at close, down 287 points, Nifty tests 10,450

Sensex barely holds 34,000 at close, down 287 points, Nifty tests 10,450

Fri, Feb 16, 2018

The S&P BSE Sensex and Nifty50 ended lower on Friday as gains in IT stocks were offset by losses in banking stocks, with Punjab National Bank plummeting further in a sell-off triggered by a Rs 11,500 fraud reported by the state-run lender earlier this week.

HDFC, Tech Mahindra among 10 stocks brokerages recommend 'buy' post Q3

HDFC, Tech Mahindra among 10 stocks brokerages recommend 'buy' post Q3

Tue, Jan 30, 2018

Benchmark indices slipped into the negative territory today following the Economic Survey for 2017-18

Are IT stocks next lucrative picks?

Are IT stocks next lucrative picks?

Wed, Jan 24, 2018

IT is the most undervalued sector in current market, there will be a lot of sectoral rotation with money moving out of inflated sectors particularly NBFCs, says an analyst

Nifty hits 11,000 for first time ever, jumps 1000 points in 75 sessions

Nifty hits 11,000 for first time ever, jumps 1000 points in 75 sessions

Tue, Jan 23, 2018

The Nifty50 had hits its previous milestone of 10,000 on July 25, 2017. As many as 23 stocks rallied over 10 per cent during the same period.

Automation, US visa issues impact Indian IT jobs for the first time in H1 FY18

Automation, US visa issues impact Indian IT jobs for the first time in H1 FY18

Fri, Nov 03, 2017

This is the first time it has fallen to record low employment levels since the IT industry had put India on the global map for software services.

Indian equity indices open in green post Ease of Doing Business ranking

Indian equity indices open in green post Ease of Doing Business ranking

Wed, Nov 01, 2017

Key equity markets opened higher with Nifty-50 and Sensex trading in green.

Govt needs to incentivise buying e-vehicles: Anand Mahindra

Govt needs to incentivise buying e-vehicles: Anand Mahindra

Sun, Jul 16, 2017

In an interview with PTI here, Mahindra said that due to very high battery cost, there is still reluctance on the part of consumers to go for electric cars.

Tech Mahindra to hire over 2,000 people in US this year

Tech Mahindra to hire over 2,000 people in US this year

Sat, Jul 15, 2017

The Mumbai-based company, which has over 6,000 people working for over 400 clients in the US, has been recruiting resources out of colleges in the US over the past four years.

Anand Mahindra apologises over techie's firing

Anand Mahindra apologises over techie's firing

Sat, Jul 08, 2017

At the end of December 2016,Tech Mahindra had over 1.17 lakh employees.

Tech Mahindra's step-down subsidiary LCC Middle East FZ announces to sell 100% stake in LCC Pakistan

Tech Mahindra's step-down subsidiary LCC Middle East FZ announces to sell 100% stake in LCC Pakistan

Wed, Jun 21, 2017

Tech Mahindra's step-down subsidiary LCC Middle East FZ LLC will sell its 100% shareholding in LCC Pakistan to Talkpool AG and the deal is expected to be completed by October 31 this year.

It's possible for us to protect jobs of youngsters if senior execs take salary cuts, says Infosys' N R Narayana Murthy

It's possible for us to protect jobs of youngsters if senior execs take salary cuts, says Infosys' N R Narayana Murthy

Fri, Jun 02, 2017

Speaking to a news channel on the ongoing layoffs into the IT industry, Infosys co-founder N R Narayana Murthy said that it was possible for all IT companies to protect the jobs of youngsters if their senior management executives take some salary cuts.

Market LIVE: Nifty trades in green, Sensex up 47 points

Market LIVE: Nifty trades in green, Sensex up 47 points

Tue, May 30, 2017

Live coverage of BSE Sensex, NSE Nifty and real-time updates of India Inc.

Tech Mahindra's stocks fall nearly 17% in early trade after posting 33% decline in Q4 profit

Tech Mahindra's stocks fall nearly 17% in early trade after posting 33% decline in Q4 profit

Mon, May 29, 2017

After posting nearly 33% decline in its Q4 profit for FY17, the stocks of IT major Tech Mahindra fell down about 17% in the early trade on Monday.

Top Indian IT cos like TCS, Infosys, others will lead in digital business, says recruitment firm Head Hunters India

Top Indian IT cos like TCS, Infosys, others will lead in digital business, says recruitment firm Head Hunters India

Sun, May 28, 2017

Executive search firm Head Hunters India Founder and MD Kris Lakshmikanth told PTI that he firmly believes top companies including TCS and Infosys to lead India in the digital business further adding that these companies have clearly understood the dramatic change and the challenges of going digital more than two years back.

Tech Mahindra's net profit declines by 33% in Q4; declares dividend

Tech Mahindra's net profit declines by 33% in Q4; declares dividend

Fri, May 26, 2017

Vineet Nayyar, Vice Chairman of Tech Mahindra said, "IT the world over is going through a major shift with demand patterns changing constantly. Most businesses are also battling the geopolitical uncertainties and as a digital transformation company, we see these as huge opportunities in the future."

Earnings, global cues to set trend this week; stocks may see volatility

Earnings, global cues to set trend this week; stocks may see volatility

Sun, May 21, 2017

Indian stock markets this week are likely to witness volatility in the midst of derivatives expiry, global cues alongwith quarterly earnings of blue-chips such as Tata Motors, ITC, and Sun Pharma.

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