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TECH MAHINDRA Surges by 5%; BSE IT Index Up 0.6%

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TECH MAHINDRA Surges by 5%; BSE IT Index Up 0.6%
Tue, 6 Aug 01:10 PM

TECH MAHINDRA share price has zoomed 5% and is presently trading at Rs 678.

Meanwhile, the BSE IT Index is at 15,744 (up 0.6%).

Among the top Gainers in the BSE IT Index today is TECH MAHINDRA (up 5.0%).

ECLERX SERVICES and ORACLE FINANCIAL (down 0.3%) are among the top losers today.

Over the last one year, TECH MAHINDRA has moved up from Rs 666 to Rs 678, registering a gain of Rs 12 (up 1.7%).

On the other hand, the BSE IT has moved up from 14,570 to 15,744, registering a gain of 1,174 points (up 8.0%) during the last 12 months.

The top gainers among the BSE IT Index stocks during this same period were WIPRO (up 25.6%), INFOSYS (up 14.6%) and TCS (up 13.8%).

What About the Benchmark Indices?

The BSE Sensex is at 37,046 (up 0.9%).

The top gainers among the BSE Sensex stocks today are BHARTI AIRTEL (up 3.5%), YES BANK (up 3.0%) and COAL INDIA (up 2.8%). Other gainers include L&T (up 2.7%) and INDUSIND BANK (up 2.6%). The most traded stocks in the BSE Sensex are YES BANK and BHARTI AIRTEL.

In the meantime, NSE Nifty is at 10,964 (up 0.8%). INDIABULLS HOU. FIN. (up 4.7%) is among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 37,692 to 37,046, registering a gain of -646 points (up -1.8%).

TECH MAHINDRA Financial Update...

TECH MAHINDRA net profit down at Rs 10 billion for the quarter ended June 2019, compared to a loss of Rs 12 billion a year ago. Net Sales declined 3.3% to Rs 86.5 billion during the period as against Rs 89.4 billion in April-June 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 13.8x.

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Stock Market Updates

Of Falling Stocks, Tumbling Rupee and Weakening Economy (Today's Market)

Aug 23, 2019 Podcast

Another week of slowdown in the markets over fears of a looming slowdown in the domestic and global economy continue.

Sensex Ends 228 Points Higher; Metal and Energy Stocks Witness Buying (Today's Market)

Aug 23, 2019 Closing

While the BSE Sensex closed higher by 228 points, NSE Nifty closed higher by 88 points.

INFO EDGE Plunges by 5%; BSE IT Index Up 1.1% (Today's Market)

Aug 23, 2019 03:26 PM

INFO EDGE share price has plunged by 5% and its current market price is Rs 2,019. The BSE IT is up by 1.1%. The top gainers in the BSE IT Index are TATA ELXSI (up 7.2%) and ORACLE FINANCIAL (up 4.2%). The top losers are INFO EDGE (down 5.4%) and PERSISTENT SYSTEMS (down 5.3%).

ESCORTS LIMITED Surges by 5%; BSE AUTO Index Up 1.5% (Today's Market)

Aug 23, 2019 03:20 PM

ESCORTS LIMITED share price has surged by 5% and its current market price is Rs 454. The BSE AUTO is up by 1.5%. The top gainers in the BSE AUTO Index is ESCORTS LIMITED (up 5.2%). The top losers is EICHER MOTOR (down 1.1%).

CASTROL INDIA Surges by 5%; BSE OIL & GAS Index Up 3.4% (Today's Market)

Aug 23, 2019 03:16 PM

CASTROL INDIA share price has surged by 5% and its current market price is Rs 120. The BSE OIL & GAS is up by 3.4%. The top gainers in the BSE OIL & GAS Index are CASTROL INDIA (up 5.1%) and BPCL (up 5.2%). The top losers [TOPLOSERS].

GE POWER INDIA LTD Surges by 11%; BSE CAPITAL GOODS Index Down 0.3% (Today's Market)

Aug 23, 2019 03:14 PM

GE POWER INDIA LTD share price has surged by 11% and its current market price is Rs 822. The BSE CAPITAL GOODS is down by 0.3%. The top gainers in the BSE CAPITAL GOODS Index is GE POWER INDIA LTD (up 10.7%). The top losers are ELGI EQUIPMENTS (down 0.1%) and THERMAX (down 0.2%).

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