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

Helping You Build Wealth With Honest Research
Since 1996. Try Now

  • MyStocks


Login Failure
(Please do not use this option on a public machine)
  Sign Up | Forgot Password?  

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%).

Going LIVE Today at 5pm: Our Special Event on India's Revival

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.

What else is happening in the markets today? Dig in...

Equitymaster requests your view! Post a comment on "TECH MAHINDRA at All Time High; BSE IT Index Up 0.6%". Click here!


Stock Market Updates

RELIANCE IND. at All Time High; BSE OIL & GAS Index Down 0.8% (Today's Market)

Sep 24, 2021 01:48 PM

RELIANCE IND. share price has hit an all time high at Rs 2,505 . The BSE OIL & GAS Index is down by 0.8%. Among the top gainers in the BSE OIL & GAS Index today are RELIANCE IND. (down 0.7%) and PETRONET LNG (up 0.7%). The top losers include RELIANCE IND. and BPCL (down 0.9%).

Sensex Trades Marginally Higher, Dow Futures Down by 44 Points (Today's Market)

Sep 24, 2021 12:30 pm

Share markets in India are presently trading marginally higher. The BSE Sensex is trading up by 149 points, up 0.3%, at 60,034 levels.

Sensex Crosses 60,000 for the First Time, Nifty Tops 17,900; IT Stocks Lead Rally (Today's Market)

Sep 24, 2021 09:30 am

Indian share markets open higher. The BSE Sensex opened up by 298 points, while the Nifty is trading higher by 77 points.

KEI INDUSTRIES at All Time High; BSE POWER Index Down 0.3% (Today's Market)

Sep 24, 2021 09:48 AM

KEI INDUSTRIES share price has hit an all time high at Rs 930 (up 1.9%). The BSE POWER Index is down by 0.3%. Among the top gainers in the BSE POWER Index today are KEI INDUSTRIES (up 1.9%) and SIEMENS (up 0.1%). The top losers include TATA POWER (down 0.2%) and KEC INTERNATIONAL (down 0.4%).

WIPRO at All Time High; BSE IT Index Up 2.1% (Today's Market)

Sep 24, 2021 09:42 AM

WIPRO share price has hit an all time high at Rs 699 (up 3.1%). The BSE IT Index is up by 2.1%. Among the top gainers in the BSE IT Index today are WIPRO (up 3.1%) and L&T INFOTECH (up 6.3%). The top losers include HEXAWARE TECHNOLOGIES .

L&T at All Time High; BSE CAPITAL GOODS Index Up 0.9% (Today's Market)

Sep 24, 2021 09:42 AM

L&T share price has hit an all time high at Rs 1,810 (up 1.7%). The BSE CAPITAL GOODS Index is up by 0.9%. Among the top gainers in the BSE CAPITAL GOODS Index today are L&T (up 1.7%) and HONEYWELL AUTOMATION (up 0.8%). The top losers include V GUARD INDUSTRIES (down 0.1%) and HEG (down 0.1%).

View More Indian Share Market News

Most Popular

5 Specialty Chemical Stocks that Turned Multibaggers in One Year(Views On News)

Sep 17, 2021

These specialty chemical stocks have surged 200% or more in the last year. Do you own any?

A Rare Buying Opportunity in an Exciting Stock(Profit Hunter)

Sep 16, 2021

Whether agriculture sector goes through a structural transformation or not, this agrochemical stock has a good chance of winning.

5 Indian Companies with Over 7% in Dividend Yield(Views On News)

Sep 17, 2021

These stocks will give you better yields than bank deposits.

A Great Time to Buy ITC(Profit Hunter)

Sep 17, 2021

Is the worst over for the stock of ITC?

India's Most Trusted Corporate Group is...(Views On News)

Sep 11, 2021

We conducted a poll of 17 of the most popular corporate groups in India. With an overwhelming response from 5,274 participants, here is what we found.


Become A Smarter Investor
In Just 5 Minutes

Multibagger Stock Guide 2021
Get our special report Multibagger Stocks Guide (2021 Edition) Now!
We will never sell or rent your email id.
Please read our Terms


Sep 24, 2021 02:09 PM