TECH MAHINDRA at All Time High; BSE IT Index Up 0.6%

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TECH MAHINDRA at All Time High; BSE IT Index Up 0.6%
Fri, 30 Jul 09:31 AM

TECH MAHINDRA share price has hit an all-time high at Rs 1,217 (up 7.8%).

Meanwhile, the BSE IT Index is at 31,034 (up 0.6%).

Among the top gainers in the BSE IT Index today are TECH MAHINDRA (up 7.8%) and ORACLE FINANCIAL (up 1.0%).

HEXAWARE TECHNOLOGIES and INFOSYS (down 0.1%) are among the top losers today.

Over the last one year, TECH MAHINDRA has moved up from Rs 684 to Rs 1,217, registering a gain of Rs 533 (up 77.8%).

The BSE IT has moved up from 18,244 to 31,034, registering a gain of 12,790 points (up 70.1%) during the last 12 months.

The top gainers among the BSE IT Index stocks during this same period were INTELLECT DESIGN (up 383.7%), TATA ELXSI (up 359.7%) and ECLERX SERVICES (up 358.1%).

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What About the Benchmark Indices?

The BSE Sensex is at 52,798 . The top gainers among the BSE Sensex stocks today are TECH MAHINDRA (up 7.8%), HCL TECHNOLOGIES (up 2.1%) and POWER GRID (up 1.4%). Other gainers include HDFC (up 0.8%) and BAJAJ AUTO (up 0.7%). The most traded stocks in the BSE Sensex are TECH MAHINDRA and TATA STEEL.

In the meantime, NSE Nifty is at 15,801 (up 0.1%). The top gainers in the NSE Nifty include TECH MAHINDRA (up 7.4%), HCL TECHNOLOGIES (up 2.7%) and POWER GRID (up 2.4%). Other gainers include ADANI PORTS & SEZ (up 1.3%) and TATA MOTORS (up 1.2%).

Over the last 12 months, the BSE Sensex has moved up from 38,493 to 52,798, registering a gain of 14,305 points (up 36.8%).

TECH MAHINDRA Financial Update...

TECH MAHINDRA net profit stood at Rs 14 billion for the quarter ended June 2021, compared to a profit of Rs 13 billion a year ago. Net Sales rose 5.7% to Rs 102.0 billion during the period as against Rs 96.5 billion in April-June 2020.

For the year ended March 2021, TECH MAHINDRA reported 11.5% increase in net profit to Rs 43.5 billion compared to net profit of Rs 39.0 billion during FY20.

Revenue of the company grew 2.7% to Rs 379 billion during FY21.

The current Price to earnings ratio of TECH MAHINDRA, based on rolling 12 month earnings, stands at 22.3x.



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