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Tech Mahindra Ltd eases for fifth straight session

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Tech Mahindra Ltd is quoting at Rs 984.55, down 3.48% on the day as on 13:19 IST on the NSE. The stock tumbled 8.86% in last one year as compared to a 1.45% slide in NIFTY and a 4.26% fall in the Nifty FMCG index.

Tech Mahindra Ltd fell for a fifth straight session today. The stock is quoting at Rs 984.55, down 3.48% on the day as on 13:19 IST on the NSE. The benchmark NIFTY is down around 1.45% on the day, quoting at 15464.55. The Sensex is at 51778.25, down 1.45%.Tech Mahindra Ltd has lost around 17.83% in last one month.Meanwhile, Nifty FMCG index of which Tech Mahindra Ltd is a constituent, has eased around 9.36% in last one month and is currently quoting at 27812.45, down 1.51% on the day. The volume in the stock stood at 35.08 lakh shares today, compared to the daily average of 35.19 lakh shares in last one month.

 

The benchmark June futures contract for the stock is quoting at Rs 982.5, down 3.97% on the day. Tech Mahindra Ltd tumbled 8.86% in last one year as compared to a 1.45% slide in NIFTY and a 4.26% fall in the Nifty FMCG index.

The PE of the stock is 20.18 based on TTM earnings ending March 22.

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First Published: Jun 16 2022 | 1:35 PM IST

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