TECH MAHINDRA at All Time High; BSE IT Index Up 2.6%
Mon, 11 Jan 09:29 AM

TECH MAHINDRA share price has hit an all-time high at Rs 1,070 (up 1.2%).

Meanwhile, the BSE IT Index is at 26,541 (up 2.6%).

Among the top gainers in the BSE IT Index today are TECH MAHINDRA (up 1.2%) and L&T INFOTECH (up 1.1%).

HEXAWARE TECHNOLOGIES is among the top loser today.

Over the last one year, TECH MAHINDRA has moved up from Rs 778 to Rs 1,070, registering a gain of Rs 292 (up 36.8%).

The BSE IT has moved up from 15,658 to 26,541, registering a gain of 10,883 points (up 69.2%) during the last 12 months.

The top gainers among the BSE IT Index stocks during this same period were TATA ELXSI (up 152.3%), FIRSTSOURCE SOLUTIONS (up 149.1%) and INTELLECT DESIGN (up 135.6%).

Free Signup: The Smallcap Revival Summit

What About the Benchmark Indices?

The BSE Sensex is at 49,260 (up 0.7%). The top gainers among the BSE Sensex stocks today are INFOSYS (up 3.4%), HCL TECHNOLOGIES (up 2.4%) and TCS (up 1.8%). Other gainers include BHARTI AIRTEL (up 1.6%) and ITC (up 1.3%). The most traded stocks in the BSE Sensex are ITC and BHARTI AIRTEL.

In the meantime, NSE Nifty is at 14,474 (up 0.6%). The top gainers in the NSE Nifty include INFOSYS (up 3.7%), WIPRO (up 3.2%) and HCL TECHNOLOGIES (up 2.2%). Other gainers include TATA MOTORS (up 2.1%) and TCS (up 2.0%).

Over the last 12 months, the BSE Sensex has moved up from 40,677 to 49,260, registering a gain of 8,583 points (up 20.7%).

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 26.7x.



What else is happening in the markets today? Dig in...

  

Stock Market Updates

Jan 11, 2021 Closing

Indian share markets hit fresh record highs today with the BSE Sensex crossing the 49,000-mark on hopes of a robust recovery in Q3 earnings and favourable global cues.

Jan 11, 2021 03:34 PM

L&T INFOTECH share price has hit an all time high at Rs 4,280 (up 3.8%). The BSE IT Index is up by 3.5%. Among the top gainers in the BSE IT Index today are L&T INFOTECH (up 3.8%) and ORACLE FINANCIAL (up 0.4%). The top losers include HEXAWARE TECHNOLOGIES and CYIENT (down 0.2%).

Jan 11, 2021 03:34 PM

LAKSHMI MACHINE share price has hit a 52-week high. It is presently trading at Rs 5,044. BSE 500 Index is up by 0.7% at 19,120. Within the BSE 500, LAKSHMI MACHINE (up 3.2%) and CENTRUM CAPITAL (up 17.8%) are among the top gainers, while top losers are HINDUSTAN COPPER and J&K BANK.

Jan 11, 2021 03:34 PM

GAIL share price has hit a 52-week high. It is presently trading at Rs 136. BSE 500 Index is up by 0.7% at 19,120. Within the BSE 500, GAIL (up 2.5%) and CENTRUM CAPITAL (up 17.8%) are among the top gainers, while top losers are HINDUSTAN COPPER and J&K BANK.

Jan 11, 2021 03:34 PM

ERIS LIFESCIENCES share price has hit a 52-week high. It is presently trading at Rs 630. BSE 500 Index is up by 0.7% at 19,120. Within the BSE 500, ERIS LIFESCIENCES (down 17.8%) and CENTRUM CAPITAL (up 17.8%) are among the top gainers, while top losers are HINDUSTAN COPPER and J&K BANK.

Jan 11, 2021 03:30 PM

INOX LEISURE share price is trading down by 6% and its current market price is Rs 359. The BSE 500 is up by 0.7%. The top gainers in the BSE 500 Index are TATA MOTORS (up 12.6%) and HIMACHAL FUTURISTIC (up 11.6%). The top losers is INOX LEISURE (down 6.4%).

View More Indian Share Market News

Most Popular

Dec 30, 2020

This stock has a very high chance of rerating once the temporary clouds of uncertainty disperse.

Dec 31, 2020

What are the chances of a market correction in January? Here's what I think...

Jan 1, 2021

My view on the one sector I'm bullish on in 2021.

Jan 1, 2021

This stock has a very high chance of rerating once the temporary clouds of uncertainty disperse.

Jan 4, 2021

Ajit Dayal on the investing strategy for 2021 and beyond.

More