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Tech Mahindra Ltd rises for fifth straight session

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Capital Market

Tech Mahindra Ltd is quoting at Rs 790.65, up 0.05% on the day as on 12:49 IST on the NSE. The stock is up 21.12% in last one year as compared to a 10.71% spurt in NIFTY and a 20.86% spurt in the Nifty IT.

Tech Mahindra Ltd gained for a fifth straight session today. The stock is quoting at Rs 790.65, up 0.05% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is down around 0.05% on the day, quoting at 11578.85. The Sensex is at 38557.5, down 0.07%. Tech Mahindra Ltd has slipped around 1.75% in last one month.

 

Meanwhile, Nifty IT index of which Tech Mahindra Ltd is a constituent, has slipped around 3.45% in last one month and is currently quoting at 15999.15, down 0.53% on the day. The volume in the stock stood at 12.32 lakh shares today, compared to the daily average of 27.82 lakh shares in last one month.

The benchmark April futures contract for the stock is quoting at Rs 792.35, down 0.09% on the day. Tech Mahindra Ltd is up 21.12% in last one year as compared to a 10.71% spurt in NIFTY and a 20.86% spurt in the Nifty IT index.

The PE of the stock is 17.67 based on TTM earnings ending December 18.

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First Published: Apr 11 2019 | 1:00 PM IST

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