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Tech Mahindra Ltd spurts 0.56%, up for five straight sessions

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Capital Market

Tech Mahindra Ltd is quoting at Rs 804.8, up 0.56% on the day as on 12:49 IST on the NSE. The stock is up 14.64% in last one year as compared to a 10.03% gain in NIFTY and a 15.35% gain in the Nifty IT.

Tech Mahindra Ltd rose for a fifth straight session today. The stock is quoting at Rs 804.8, up 0.56% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is down around 0.91% on the day, quoting at 11646.2. The Sensex is at 38825.56, down 0.8%. Tech Mahindra Ltd has added around 1.93% in last one month.

 

Meanwhile, Nifty IT index of which Tech Mahindra Ltd is a constituent, has added around 4.86% in last one month and is currently quoting at 16079.3, up 0.54% on the day. The volume in the stock stood at 11.6 lakh shares today, compared to the daily average of 26.9 lakh shares in last one month.

The benchmark April futures contract for the stock is quoting at Rs 804.65, up 0.44% on the day. Tech Mahindra Ltd is up 14.64% in last one year as compared to a 10.03% gain in NIFTY and a 15.35% gain in the Nifty IT index.

The PE of the stock is 17.9 based on TTM earnings ending December 18.

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First Published: Apr 22 2019 | 1:00 PM IST

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