TECH MAHINDRA Surges by 6%; BSE IT Index Up 2.7%
March 26, 2020 09:28 AM

TECH MAHINDRA share price has zoomed 6% and is presently trading at Rs 564.

Meanwhile, the BSE IT Index is at 12,678 (up 2.7%).

Among the top Gainers in the BSE IT Index today are TECH MAHINDRA (up 6.1%) and MPHASIS (up 6.7%).

ECLERX SERVICES (down 0.6%) and SONATA SOFTWARE (down 1.1%) are among the top losers today.

Over the last one year, TECH MAHINDRA has moved down from Rs 790 to Rs 564, registering a loss of Rs 226 (down 28.9%).

On the other hand, the BSE IT has moved down from 15,109 to 12,678, loss of 2,431 points (down 16.4%) during the last 12 months.

The top gainers among the BSE IT Index stocks during this same period were [param_historic_top3].

What About the Benchmark Indices?

The BSE Sensex is at 29,084 (up 0.6%).

The top gainers among the BSE Sensex stocks today are INDUSIND BANK (up 10.0%), TECH MAHINDRA (up 6.1%) and INFOSYS (up 4.7%). Other gainers include AXIS BANK (up 3.3%) and SUN PHARMA (up 3.3%). The most traded stocks in the BSE Sensex are ICICI BANK and INDUSIND BANK.

In the meantime, NSE Nifty is at 8,461 (up 1.0%). The top gainers in the NSE Nifty include INDUSIND BANK (up 10.0%), AXIS BANK (up 7.1%) and TECH MAHINDRA (up 4.8%). Other gainers include INFOSYS (up 4.8%) and BHARTI INFRATEL (up 4.7%) are among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved down from 37,809 to 29,084, registering a loss of 8,725 points (down 24.08%).

TECH MAHINDRA Financial Update...

TECH MAHINDRA net profit down at Rs 11 billion for the quarter ended December 2019, compared to a loss of Rs 12 billion a year ago. Net Sales rose 7.9% to Rs 96.5 billion during the period as against Rs 89.4 billion in October-December 2018.

For the year ended March 2019, TECH MAHINDRA reported 15.0% increase in net profit to Rs 43.5 billion compared to net profit of Rs 37.9 billion during FY18.

Revenue of the company grew 12.9% to Rs 347 billion during FY19.

The current Price to earnings ratio of TECH MAHINDRA, based on rolling 12 month earnings, stands at 11.6x.