Tech Mahindra rose 1.57% to Rs 813.25 at 09:25 IST on BSE after the company scheduled a board meeting on 21 February 2019 to consider a proposal to buy-back equity shares of the company.
The announcement was made on Saturday, 16 February 2019.On the BSE, 40,000 shares were traded in the counter so far compared with average daily volumes of 1.98 lakh shares in the past two weeks. The stock had hit a high of Rs 822.50 and a low of Rs 810 so far during the day.
Tech Mahindra's consolidated profit after tax rose 13% to Rs 1203 crore on 3.6% rise in revenue to Rs 8944 crore in Q3 December 2018 over Q2 September 2018.
Tech Mahindra is a leading provider of digital transformation, consulting and business re-engineering services and solutions.
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