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Tech Mahindra Ltd soars 1.16%, rises for fifth straight session

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Tech Mahindra Ltd is quoting at Rs 722.5, up 1.16% on the day as on 12:44 IST on the NSE. The stock is up 19.79% in last one year as compared to a 1.39% drop in NIFTY and a 12.89% drop in the Nifty IT.

Tech Mahindra Ltd gained for a fifth straight session today. The stock is quoting at Rs 722.5, up 1.16% on the day as on 12:44 IST on the NSE. The benchmark NIFTY is up around 0.08% on the day, quoting at 10931.7. The Sensex is at 36435.35, down 0.03%. Tech Mahindra Ltd has risen around 3.52% in last one month.

Meanwhile, Nifty IT index of which Tech Mahindra Ltd is a constituent, has risen around 4.98% in last one month and is currently quoting at 14962.6, down 0.03% on the day. The volume in the stock stood at 11.04 lakh shares today, compared to the daily average of 21.11 lakh shares in last one month.

The benchmark January futures contract for the stock is quoting at Rs 723.75, up 1.14% on the day. Tech Mahindra Ltd is up 19.79% in last one year as compared to a 1.39% drop in NIFTY and a 12.89% drop in the Nifty IT index.

The PE of the stock is 17.21 based on TTM earnings ending September 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, January 23 2019. 13:00 IST
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