TECH MAHINDRA Share Price Down by 5%; BSE IT Index Down 3.6%
Tue, 10 Nov 12:56 PM

TECH MAHINDRA share price has plunged 5% and is presently trading at Rs 875.

Meanwhile, the BSE IT Index is at 21,959 (down 3.6%).

Among the top losers in the BSE IT Index today are TECH MAHINDRA (down 5.1%) and L&T INFOTECH (down 6.7%).

Over the last one year, TECH MAHINDRA has moved up from Rs 772 to Rs 875, registering a gain of Rs 103 (up 13.4%)..

The BSE IT has moved up from 15,410 to 21,959, registering a gain of 6,549 points (up 42.5%) during the last 12 months.

The top buzzing stocks among the BSE IT Index stocks during this same period were PERSISTENT SYSTEMS (up 87.1%), L&T INFOTECH (up 86.2%) and TATA ELXSI (up 83.2%).

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What About the Benchmark Indices?

The BSE Sensex is at 43,168 (up 1.3%). The top gainers among the BSE Sensex stocks today are BAJAJ FINANCE (up 9.1%). The most traded stocks in the BSE Sensex are SBI and ITC.

In the meantime, NSE Nifty is at 12,605 (up 1.1%). INDUSIND BANK (up 9.3%) and BAJAJ FINANCE (up 9.2%) are among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 40,470 to 43,168, registering a gain of 2,698 points (up 6.66%).

TECH MAHINDRA Financial Update...

TECH MAHINDRA net profit down at Rs 11 billion for the quarter ended September 2020, compared to a loss of Rs 11 billion a year ago. Net Sales declined 2.9% to Rs 93.7 billion during the period as against Rs 96.5 billion in July-September 2019.

For the year ended March 2020, TECH MAHINDRA reported 12.0% decrease in net profit to Rs 38.3 billion compared to net profit of Rs 43.5 billion during FY19.

Revenue of the company grew 6.1% to Rs 369 billion during FY20.

The current Price to earnings ratio of TECH MAHINDRA, based on rolling 12 month earnings, stands at 20.7x.



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