TECH MAHINDRA at All Time High; BSE IT Index Up 1.1%

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TECH MAHINDRA at All Time High; BSE IT Index Up 1.1%
Wed, 22 Sep 10:28 AM

TECH MAHINDRA share price has hit an all-time high at Rs 1,523 (up 4.2%).

Meanwhile, the BSE IT Index is at 35,607 (up 1.1%).

Among the top gainers in the BSE IT Index today are TECH MAHINDRA (up 4.2%) and L&T INFOTECH (up 1.5%).

HEXAWARE TECHNOLOGIES is among the top loser today.

Over the last one year, TECH MAHINDRA has moved up from Rs 787 to Rs 1,523, registering a gain of Rs 736 (up 93.2%).

The BSE IT has moved up from 19,851 to 35,607, registering a gain of 15,756 points (up 79.3%) during the last 12 months.

The top gainers among the BSE IT Index stocks during this same period were TATA ELXSI (up 342.2%), MINDTREE (up 257.5%) and INTELLECT DESIGN (up 228.4%).

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What About the Benchmark Indices?

The BSE Sensex is at 59,178 (up 0.2%). The top gainers among the BSE Sensex stocks today are TECH MAHINDRA (up 4.2%), NTPC (up 1.8%) and M&M (up 1.5%). Other gainers include HCL TECHNOLOGIES (up 1.5%) and INDUSIND BANK (up 1.1%). The most traded stocks in the BSE Sensex are ITC and POWER GRID.

In the meantime, NSE Nifty is at 17,610 (up 0.2%). The top gainers in the NSE Nifty include TECH MAHINDRA (up 4.3%), TATA MOTORS (up 2.5%) and NTPC (up 1.5%). Other gainers include HCL TECHNOLOGIES (up 1.3%) and BPCL (up 1.2%).

Over the last 12 months, the BSE Sensex has moved up from 38,034 to 59,178, registering a gain of 21,144 points (up 55.5%).

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 27.9x.

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

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