Tech Mahindra Ltd Share Price – NSE  /  BSE

IT - Software, Mid Cap

Tech Mahindra Ltd fell for a fifth straight session today. The stock is quoting at Rs 1243.95, down 0.33% on the day as on 13:19 IST on the NSE. The benchmark NIFTY is up around 0.56% on the day, quoting at 22450.9. The Sensex is at 73984.9, up 0.45%.Tech Mahindra Ltd has eased around 2.24% in last one month.Meanwhile, Nifty IT index of which Tech Mahindra Ltd is a constituent, has eased around 6.9% in last one month and is currently quoting at 34898.15, up 0.32% on the day. The volume in the stock stood at 7.91 lakh shares today, compared to the daily average of 17.74 lakh shares in last one month.

The benchmark April futures contract for the stock is quoting at Rs 1252.55, down 0.43% on the day. Tech Mahindra Ltd jumped 12.76% in last one year as compared to a 29.04% rally in NIFTY and a 22.27% spurt in the Nifty IT index.

The PE of the stock is 53.62 based on TTM earnings ending December 23.

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Tech Mahindra will hold a meeting of the Board of Directors of the Company on 25 April 2024.

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Tech Mahindra announced that a Plan of Merger of Born Group, Inc., wholly-owned step down subsidiary of the Company with its parent company viz. Tech Mahindra (Americas) Inc., wholly owned material subsidiary of the Company, has been approved by the respective companies on 22 March 2024.

The Intimation of the same was received by the Company at 09.22 AM (IST) on 23 March 2024.

The merger is subject to regulatory approvals in the country of incorporation. The appointed date of the Plan of merger is 1 April 2024.

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Tech Mahindra Ltd dropped for a fifth straight session today. The stock is quoting at Rs 1277.95, down 0.61% on the day as on 13:19 IST on the NSE. The benchmark NIFTY is up around 0.06% on the day, quoting at 21965.15. The Sensex is at 72403.44, up 0.14%.Tech Mahindra Ltd has eased around 3.03% in last one month.Meanwhile, Nifty IT index of which Tech Mahindra Ltd is a constituent, has increased around 3.51% in last one month and is currently quoting at 37741.75, down 0.22% on the day. The volume in the stock stood at 8.43 lakh shares today, compared to the daily average of 18.14 lakh shares in last one month.

The benchmark February futures contract for the stock is quoting at Rs 1276.15, down 0.46% on the day. Tech Mahindra Ltd jumped 13.4% in last one year as compared to a 25.87% rally in NIFTY and a 25.12% spurt in the Nifty IT index.

The PE of the stock is 55.04 based on TTM earnings ending December 23.

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