Tech Mahindra Ltd gained 6.41% today to trade at Rs 1200.05. The S&P BSE IT Sector index is up 0.51% to quote at 30991.76. The index is up 2.84 % over last one month. Among the other constituents of the index, TVS Electronics Ltd increased 4.98% and Cerebra Integrated Technologies Ltd added 4.26% on the day. The S&P BSE IT Sector index went up 70.5 % over last one year compared to the 39.72% surge in benchmark SENSEX.

Tech Mahindra Ltd has added 9.58% over last one month compared to 2.84% gain in S&P BSE IT Sector index and 0.46% rise in the SENSEX. On the BSE, 1.18 lakh shares were traded in the counter so far compared with average daily volumes of 1.21 lakh shares in the past one month. The stock hit a record high of Rs 1209.15 on 30 Jul 2021. The stock hit a 52-week low of Rs 625.2 on 24 Jul 2020.

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Net profit of Tech Mahindra rose 39.18% to Rs 1353.20 crore in the quarter ended June 2021 as against Rs 972.30 crore during the previous quarter ended June 2020. Sales rose 11.98% to Rs 10197.60 crore in the quarter ended June 2021 as against Rs 9106.30 crore during the previous quarter ended June 2020.

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Tech Mahindra will announced its audited results for the first quarter ended 30 June 2021 on 29 July 2021.

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Tech Mahindra has allotted 65,605 equity shares of Rs 5 per share under ESOP on 18 July 2021. With this allotment, the paid up equity share capital has increased 96,91,18,102 equity shares of Rs 5 each aggregating Rs 484.55 crore.

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