TECH MAHINDRA at All Time High; BSE IT Index Down 0.7%

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TECH MAHINDRA at All Time High; BSE IT Index Down 0.7%
Thu, 2 May 10:34 AM

TECH MAHINDRA share price has hit an all-time high at Rs 846 (up 0.6%).

Meanwhile, the BSE IT Index is at 16,263 (down 0.7%).

Among the top gainers in the BSE IT Index today are TECH MAHINDRA (up 0.6%) and ORACLE FINANCIAL (up 0.1%).

NIIT TECHNOLOGIES and HEXAWARE TECHNOLOGIES (down 0.1%) are among the top losers today.

Over the last one year, TECH MAHINDRA has moved up from Rs 672 to Rs 846, registering a gain of Rs 174 (up 25.0%).

The BSE IT has moved up from 13,568 to 16,263, registering a gain of 2,695 points (up 19.0%) during the last 12 months.

The top gainers among the BSE IT Index stocks during this same period were WIPRO (up 42.1%), L&T TECHONOLOGY (up 32.7%) and TCS (up 26.9%).

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What About the Benchmark Indices?

The BSE Sensex is at 39,184 (up 0.3%). The top gainers among the BSE Sensex stocks today are YES BANK (up 4.3%), BHARTI AIRTEL (up 2.6%) and BAJAJ FINANCE (up 1.7%). Other gainers include RELIANCE IND. (up 1.5%) and HERO MOTOCORP (up 1.5%). The most traded stocks in the BSE Sensex are YES BANK and ITC.

In the meantime, NSE Nifty is at 11,785 (up 0.3%). The top gainers in the NSE Nifty include YES BANK (up 4.2%), BHARTI INFRATEL (up 2.8%) and BHARTI AIRTEL (up 2.3%). Other gainers include BAJAJ FINANCE (up 1.6%) and INDIABULLS HOU. FIN. (up 1.6%).

Over the last 12 months, the BSE Sensex has moved up from 35,160 to 39,184, registering a gain of 4,024 points (up 11.4%).

TECH MAHINDRA Financial Update...

TECH MAHINDRA net profit stood at Rs 12 billion for the quarter ended December 2018, compared to a profit of Rs 9 billion a year ago. Net Sales rose 15.0% to Rs 89.4 billion during the period as against Rs 77.8 billion in October-December 2017.

For the year ended March 2018, TECH MAHINDRA reported 32.7% increase in net profit to Rs 37.9 billion compared to net profit of Rs 28.5 billion during FY17.

Revenue of the company grew 5.6% to Rs 308 billion during FY18.

The current Price to earnings ratio of TECH MAHINDRA, based on rolling 12 month earnings, stands at 16.8x.

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

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