TECH MAHINDRA share price has zoomed 5% and is presently trading at Rs 540.
Meanwhile, the BSE IT Index is at 12,048 (up 3.6%).
Among the top Gainers in the BSE IT Index today are TECH MAHINDRA (up 4.7%) and MINDTREE (up 6.5%).
TATA ELXSI (down 0.1%) and FIRSTSOURCE SOL. (down 0.6%) are among the top losers today.
Over the last one year, TECH MAHINDRA has moved down from Rs 790 to Rs 540, registering a loss of Rs 250 (down 35.0%).
On the other hand, the BSE IT has moved down from 15,109 to 12,048, loss of 3,061 points (down 23.2%) during the last 12 months.
The top gainers among the BSE IT Index stocks during this same period were [param_historic_top3].
Revealed: 3 Stocks for Potentially Massive Gains
The BSE Sensex is at 27,463 (up 0.9%).
The top gainers among the BSE Sensex stocks today are HUL (up 6.0%), HCL TECHNOLOGIES (up 5.6%) and INFOSYS (up 5.6%). Other gainers include TECH MAHINDRA (up 4.7%) and MARUTI SUZUKI (up 3.3%). The most traded stocks in the BSE Sensex are SBI and ONGC.
In the meantime, NSE Nifty is at 8,037 (up 1.1%). The top gainers in the NSE Nifty include HUL (up 6.2%), HCL TECHNOLOGIES (up 5.8%) and INFOSYS (up 5.6%). Other gainers include TECH MAHINDRA (up 5.3%) and DR. REDDYS LAB (up 4.8%) are among the top gainers in NSE Nifty.
Over the last 12 months, the BSE Sensex has moved down from 37,809 to 27,463, registering a loss of 10,346 points (down 30.68%).
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 10.6x. p >
What else is happening in the markets today? Dig in...
Indian share markets witnessed most of the buying interest during closing hours today and ended on a strong note.
BSE Sensex is trading up by 167 points, while the NSE Nifty is trading up by 50 points.
Indian share markets open in green. The BSE Sensex opened up by 156 points, while the Nifty is trading higher by 52 points.
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