You are here: Home » Markets » News
Business Standard

Tech Mahindra hits three-month low

The stock was down 3% at Rs 625, its lowest level since December 29, 2014, on the National Stock Exchange.

SI Reporter  |  Mumbai 

Shares of Tech Mahindra were trading lower by 3% at Rs 625, its lowest level since December 29, 2014, on the National Stock Exchange (NSE) in otherwise firm market.

The stock of information technology (IT) consulting and software firm have underperformed the market by falling 10% after it turned ex-stock split and ex-bonus on March 19, 2015. The CNX Nifty was down 3.2%, while CNX IT index fell 2.2% during the same period.

The stock dipped 17% from its record high of Rs 749 (adjusted to stock split and bonus) touched in February this year.

Today, the stock opened at Rs 648 and touched high of Rs 653 on the NSE. A combined 1.89 million shares changed hands on the counter till noon deal on the NSE and BSE.


Dear Reader,


Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Mon, March 30 2015. 12:13 IST
RECOMMENDED FOR YOU
.