Tech Mahindra Limited (TECHM.NS)
| Previous Close | 1,200.25 |
| Open | 1,207.95 |
| Bid | 1,195.70 x 0 |
| Ask | 1,196.05 x 0 |
| Day's Range | 1,195.30 - 1,207.95 |
| 52 Week Range | 981.05 - 1,416.30 |
| Volume | |
| Avg. Volume | 1,968,379 |
| Market Cap | 1.176T |
| Beta (5Y Monthly) | 0.57 |
| PE Ratio (TTM) | 37.74 |
| EPS (TTM) | 31.69 |
| Earnings Date | Apr 25, 2024 |
| Forward Dividend & Yield | 44.00 (3.67%) |
| Ex-Dividend Date | Nov 02, 2023 |
| 1y Target Est | 1,287.21 |
Barrons.comIndian Shares Close Lower. Tech Mahindra Slumps 6.1%.
Indian shares closed lower, dragged by technology stocks. Tech Mahindra fell 6.1%, its largest one-day percentage loss in more than three years. The IT company reported weaker-than-expected 3Q earnings, and its near-term revenue growth momentum may slow, Axis Securities wrote in a note.
ReutersIndia's Tech Mahindra misses Q3 profit view on muted spending in key segments
MUMBAI/BENGALURU (Reuters) -India's Tech Mahindra posted a 60.6% drop in third-quarter net profit on Wednesday, missing estimates as clients continued to hold back spending in communications and banking segments. The fifth-largest Indian IT services company's net profit fell to 5.10 billion rupees ($61.36 million) for the three months ended Dec. 31, 2023, from 12.97 billion rupees a year earlier. Analysts, on average, expected a profit of 6.17 billion rupees, according to LSEG data.
- Investing.com
India’s Nifty 50 crosses 22,000 to hit record high, Wipro leads tech rally
Investing.com-- India’s Nifty 50 index hit record highs on Monday, breaching the 22,000 level as index heavyweight Wipro (NYSE:WIT) led a rally in technology stocks on stronger-than-expected earnings.
