Tech Mahindra gains 4% to hit new all-time high; zooms 84% thus far in 2021

In the past one week, the stock rallied 12 per cent when compared with a 2.8 per cent rise in the S&P BSE Sensex

Shares of Tech Mahindra hit a new high of Rs 1,789.05, up 4 per cent on Monday on the BSE, on expectation of strong December 2021 quarter earnings. In the past one week, the stock of information technology (IT) consulting & software company has rallied 12 per cent, when compared with a 2.8 per cent rise in the S&P BSE Sensex. Thus far in the calendar year 2021 (CY21), Tech Mahindra has zoomed 84 per cent, as against a 20 per cent gain in the benchmark index.

Earlier this month, Accenture had reported strong results for the quarter ended