TECH MAHINDRA Surges by 5%; BSE IT Index Up 2.9%

Helping You Build Wealth With Honest Research
Since 1996. Try Now

  • MyStocks

MEMBER'S LOGINX

     
Login Failure
   
     
   
     
 
 
 
(Please do not use this option on a public machine)
 
     
 
 
 
  Sign Up | Forgot Password?  

TECH MAHINDRA Surges by 5%; BSE IT Index Up 2.9%
Thu, 26 Mar 09:28 AM

TECH MAHINDRA share price has zoomed 5% and is presently trading at Rs 564.

Meanwhile, the BSE IT Index is at 12,678 (up 2.9%).

Among the top Gainers in the BSE IT Index today are TECH MAHINDRA (up 5.1%) and NIIT TECHNOLOGIES (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 29.5%).

On the other hand, the BSE IT has moved down from 15,109 to 12,678, loss of 2,431 points (down 16.2%) during the last 12 months.

The top gainers among the BSE IT Index stocks during this same period were NIIT TECHNOLOGIES (up 1.4%).

One Stock Crorepati: The Biggest Money-Making Opportunity Available Right Now

What About the Benchmark Indices?

The BSE Sensex is at 29,084 (up 1.1%).

The top gainers among the BSE Sensex stocks today are INDUSIND BANK (up 10.0%), AXIS BANK (up 6.2%) and TECH MAHINDRA (up 5.1%). Other gainers include INFOSYS (up 4.8%) and SUN PHARMA (up 4.0%). The most traded stocks in the BSE Sensex are ICICI BANK and AXIS 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 23.71%).

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 11.5x.



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

Equitymaster requests your view! Post a comment on "TECH MAHINDRA Surges by 5%; BSE IT Index Up 2.9%". Click here!

  

Stock Market Updates

Sensex Surges 1,266 Points; Nifty Ends Above 9,100 Mark (Today's Market)

Apr 9, 2020 Closing

Indian share markets witnessed buying interest throughout the day and ended on a strong note.

VOLTAS Surges by 6%; BSE CAPITAL GOODS Index Up 1.6% (Today's Market)

Apr 9, 2020 03:33 PM

VOLTAS share price has surged by 6% and its current market price is Rs 515. The BSE CAPITAL GOODS is up by 1.6%. The top gainers in the BSE CAPITAL GOODS Index are VOLTAS (up 6.0%) and HEG (up 10.0%). The top losers are THERMAX (down 0.6%) and KALPATARU POWER (down 0.6%).

MARUTI SUZUKI Surges by 13%; BSE AUTO Index Up 10.2% (Today's Market)

Apr 9, 2020 03:33 PM

MARUTI SUZUKI share price has surged by 13% and its current market price is Rs 5,399. The BSE AUTO is up by 10.2%. The top gainers in the BSE AUTO Index are MARUTI SUZUKI (up 12.9%) and MRF LTD. (up 5.2%).

LUPIN Surges by 13%; BSE HEALTHCARE Index Up 3.4% (Today's Market)

Apr 9, 2020 03:33 PM

LUPIN share price has surged by 13% and its current market price is Rs 798. The BSE HEALTHCARE is up by 3.4%. The top gainers in the BSE HEALTHCARE Index are LUPIN (up 12.7%) and DIVIS LABORATORIES (up 6.2%). The top losers are J.B.CHEMICALS (down 0.2%) and PROCTER & GAMBLE HEALTH (down 1.2%).

TATA ELXSI Surges by 11%; BSE IT Index Up 1.6% (Today's Market)

Apr 9, 2020 03:29 PM

TATA ELXSI share price has surged by 11% and its current market price is Rs 712. The BSE IT is up by 1.6%. The top gainers in the BSE IT Index are TATA ELXSI (up 11.1%) and FIRSTSOURCE SOL. (up 12.2%). The top losers is TECH MAHINDRA (down 2.4%).

TITAN Surges by 12%; BSE 500 Index Up 3.8% (Today's Market)

Apr 9, 2020 03:29 PM

TITAN share price has surged by 12% and its current market price is Rs 1,040. The BSE 500 is up by 3.8%. The top gainers in the BSE 500 Index are TITAN (up 12.5%) and MARUTI SUZUKI (up 14.1%). The top losers are BLUE DART EXPRESS and UPL .

View More Indian Share Market News

Most Popular

Sorry Warren Buffett, I'm Following This Man Instead of You in 2020(The 5 Minute Wrapup)

Mar 30, 2020

This man warned of an impending market correction while everyone else was celebrating the renewed optimism in early 2020...

One Stock that is All Charged Up for the Post Coronavirus Rebound(The 5 Minute Wrapup)

Apr 1, 2020

A stock with strong moat is currently trading near 5-year lows.

A Safe Stock to Lockdown Now(The 5 Minute Wrapup)

Apr 2, 2020

The market crashc has made strong, established brands attractive. Here's a stock to make the most of this opportunity...

The Insiders See a Buying Opportunity in These Smallcaps Amid Coronavirus Outbreak(Profit Hunter)

Mar 31, 2020

The promoters are buying these smallcaps amid the coronavirus outbreak.

How to Identify a Market Rebound(Fast Profits Daily)

Mar 27, 2020

This very useful indicator can spot a market bottom.

More

How to Trade the
Coronavirus Crash

Coronavirus Crash
Get this special report, authored by Equitymaster's top analysts, now.
We will never sell or rent your email id.
Please read our Terms

S&P BSE SENSEX


Apr 9, 2020 03:37 PM

MARKET STATS