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Tech Mahindra Ltd drops for fifth straight session

Capital Market 

Tech Mahindra Ltd is quoting at Rs 748, down 3.24% on the day as on 13:24 IST on the NSE. The stock jumped 7.25% in last one year as compared to a 12.43% rally in NIFTY and a 16.28% spurt in the Nifty IT index.

Tech Mahindra Ltd fell for a fifth straight session today. The stock is quoting at Rs 748, down 3.24% on the day as on 13:24 IST on the NSE. The benchmark NIFTY is up around 0.15% on the day, quoting at 11726.7. The Sensex is at 39056.59, up 0.22%.Tech Mahindra Ltd has eased around 7.07% in last one month.Meanwhile, Nifty IT index of which Tech Mahindra Ltd is a constituent, has eased around 3.15% in last one month and is currently quoting at 15766.95, down 0.7% on the day. The volume in the stock stood at 42.69 lakh shares today, compared to the daily average of 23.08 lakh shares in last one month.

The benchmark May futures contract for the stock is quoting at Rs 749, down 3.34% on the day. Tech Mahindra Ltd jumped 7.25% in last one year as compared to a 12.43% rally in NIFTY and a 16.28% spurt in the Nifty IT index.

The PE of the stock is 16.97 based on TTM earnings ending December 18.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Wed, May 22 2019. 13:35 IST
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