ALSO READTech Mahindra nudges higher after posting good Q3 results Mahindra & Mahindra Financial Services Ltd gained for a fifth straight session today Mahindra & Mahindra standalone net profit rises 12.50% in the December 2017 quarter Sensex, Nifty end higher; IT stocks gain Sensex, Nifty edge down after record highs
The stock is quoting at Rs 649, up 2.47% on the day as on 12:54 IST on the NSE. Tech Mahindra Ltd is up 50.95% in last one year as compared to a 13.99% gain in NIFTY and a 30.76% gain in the Nifty IT index.
Tech Mahindra Ltd rose for a third straight session today. The stock is quoting at Rs 649, up 2.47% on the day as on 12:54 IST on the NSE. The benchmark NIFTY is up around 0.14% on the day, quoting at 10431.3. The Sensex is at 34033.29, up 0.27%. Tech Mahindra Ltd has added around 4.82% in last one month.
Meanwhile, Nifty IT index of which Tech Mahindra Ltd is a constituent, has added around 3.34% in last one month and is currently quoting at 12759.1, up 3.14% on the day. The volume in the stock stood at 18.65 lakh shares today, compared to the daily average of 27.31 lakh shares in last one month.
The benchmark April futures contract for the stock is quoting at Rs 648.65, up 2.46% on the day. Tech Mahindra Ltd is up 50.95% in last one year as compared to a 13.99% gain in NIFTY and a 30.76% gain in the Nifty IT index.
The PE of the stock is 17.21 based on TTM earnings ending December 17.
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