Tech Mahindra has allotted 35,320 equity shares, on exercise of stock options under ESOP 2014, 28,790 equity shares, on exercise of stock options under ESOP - 2018, and 750 equity shares, on exercise of stock options under TML RSU.

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Tech Mahindra Ltd is up for a third straight session in a row. The stock is quoting at Rs 1056.45, up 3.2% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 0.55% on the day, quoting at 18163.9. The Sensex is at 61417.84, up 0.5%. Tech Mahindra Ltd has slipped around 4.24% in last one month.

Meanwhile, Nifty FMCG index of which Tech Mahindra Ltd is a constituent, has slipped around 2.04% in last one month and is currently quoting at 27708.2, up 1.22% on the day. The volume in the stock stood at 34.55 lakh shares today, compared to the daily average of 23.35 lakh shares in last one month.

The benchmark May futures contract for the stock is quoting at Rs 1061.35, up 3.08% on the day. Tech Mahindra Ltd is down 12.89% in last one year as compared to a 8.91% gain in NIFTY and a 8.92% gain in the Nifty FMCG index.

The PE of the stock is 26.4 based on TTM earnings ending March 23.

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Tech Mahindra announced that the Annual General Meeting (AGM) of the company will be held on 27 July 2023.

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Tech Mahindra announced that the Board of Directors of the Company at its meeting held on 27 April 2023, has recommended a Final dividend of Rs.32 per share (i.e.640%), subject to the approval of the shareholders.

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