Tech Mahindra Plunges 5%; BSE IT Index Down 4.6%
Wed, 3 Jun 10:23
Image source: Kameleon007 /www.istockphoto.comTech Mahindra share price has plunged 5% and is presently trading at Rs 1,491.7.
Meanwhile, the BSE IT index is at 28,733.2 (down 4.6%).
Among the top losers in the BSE IT index today are TCS (down 7.2%) and LTIMINDTREE (down 7.1%).
INDIAMART INTERMESH (up 0.2%) is among the top gainers today.
Over the last one year, Tech Mahindra has moved down from Rs 1,547.8 to Rs 1,491.7, registering a loss of Rs 56.1 (down 3.6%).
On the other hand, the BSE IT index has moved down from 36,681.9 to 28,733.2, registering a loss of 21.7% during the last 12 months.
The top losers among the BSE IT index stocks during this same period were ROUTE MOBILE (down 44.5%), KPIT TECHNOLOGIES (down 41.9%) and INTELLECT DESIGN (down 39.3%).
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What About the Benchmark Indices?
The BSE Sensex is at 73,743.4 (down 1.2%).
The top losers among the BSE Sensex today are TCS (down 7.2%) and Infosys (down 4.1%). The most traded stocks in the BSE Sensex are TCS and ITC.
In the meantime, NSE Nifty is at 23,265.3 (down 0.9%). TCS and Infosys are among the top losers in NSE NIFTY.
Over the last 12 months, the BSE Sensex has moved down from 81,373.8 to 73,743.4, registering a loss of 7,630.3 points (down 9.4%).
Tech Mahindra Financial Update...
Tech Mahindra net profit grew 18.7% YoY to Rs 13,565 million for the quarter ended March 2026, compared to a profit of Rs 11,431 million a year ago. Net sales rose 12.6% to Rs 150,761 million during the period as against Rs 133,840 million in January-March 2025.
For the year ended March 2025, Tech Mahindra reported 77.4% increase in net profit to Rs 42,530 million compared to net profit of Rs 23,968 million during FY24. Revenue of the company grew 1.9% to Rs 529,883 million during FY25.
The current Price to earnings ratio of Tech Mahindra, based on rolling 12 month earnings, stands at 30.4.
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