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.



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