Tech Mahindra Ltd News

Infosys, TCS, Wipro: How to trade IT stocks post Q3 results; guide here

Technical charts show that HCL Technologies, TCS, Infosys and Tech Mahindra shares could fall up to 8% from here on; while, Wipro can potentially rally by another 11%. Check key levels here

Tech Mahindra shares trade flat post Q3 results; brokerages remain divided

The company reported a net profit of Rs 983.2 crore as compared to Rs 1,250.1 crore in Q2 which implies a fall of 20.9 per cent quarter-on-quarter (Q-o-Q)

Tech Mahindra Q3FY25: Net profit jumps 93% to Rs 983 cr, revenue up 1.4%

Tech Mahindra Q3 FY25 results: Sequentially, however the company's net profit dropped 21.4 per cent from Rs 1,250.1 crore

Nifty IT index slips 3%; Infosys, LTIMindtree slip up to 6% post Q3 results

According to Motilal Oswal Financial Services, Infosys and LTIMindtree, both companies with a high discretionary tilt, have provided a more cautious view on discretionary-spend recovery

Q3 results today: Wipro, Tech Mahindra among 40 to post earnings on Jan 17

Q3 FY25 company results Jan 17: Wipro, Tech Mahindra, ICICI Lombard, Jio Financial Services, and SBI Life Insurance Company will release their earnings report for the Oct-Dec quarter today

Tech Mahindra Q3 Preview: Analysts see revenue rising 2% YoY, profit 38%

Tech Mahindra's revenue is likely to be impacted by furloughs and weakness in the manufacturing segment

Tech M, Uno Minda: Rajesh Bhosale of Angel One picks 2 stocks to buy today

Stocks to Buy Today India: Tech M share price witnessed a long-term breakout in October near the 1,650-level, followed by a sharp rally above 1,800

TCS, Infy, HCL Tech: How to trade IT stocks ahead of Q3 results? Key levels

The Nifty IT index outperformed the Nifty 50 and the broader index in the second-half of 2024 with a gain of nearly 20%. Key levels to track on IT shares ahead of Q3 results.

Tech Mahindra aiming for bigger bite of bank tech spends, says CEO

Mohit Joshi, who took the helm of India's No.5 software services exporter in December 2023 wants to increase the share of BFSI in Tech Mahindra's revenue mix by up to 25 per cent by March 2027

Nifty IT index slips over 2%; Infosys, LTIMindtree, LTTS down up to 5%

For the Indian IT services sector, which derives over 60 per cent of its revenues from the US, the Fed's cautious stance has mixed implications

Tech Mahindra, ServiceNow collaborate to offer Gen AI management solutions

Tech Mahindra on Thursday said it has collaborated with American software firm ServiceNow to launch the One E2E Platform, a GenAI-powered enterprise service management solution. The platform will help enhance operational efficiency and competitiveness for businesses across various industries, by integrating GenAI capabilities into their business-critical processes and modernising infrastructure to be future-ready, a company statement said. The One E2E Platform will incorporate advanced analytics, GenAI and automation to optimise network operations, facilitating business growth, it said. "Businesses are grappling with multiple challenges in their digital transformation journey, such as technological advancements and cost reduction while improving service quality. By integrating GenAI with our industry expertise, we aim to tackle these issues and enhance customer experiences through our One E2E Platform," Tech Mahindra COO Atul Soneja said. Shares of Tech Mahindra were trading 1.72 p

Nifty IT index hits record high on December 10: Here's what drove the rally

By 11:11 AM, the Nifty IT index had come off its peak but was still trading 0.82 per cent higher at 45,199.40. In comparison, the broader Nifty50 index was up a modest 0.11 per cent at 24,646.30

Nifty IT index down 2% on profit booking; TCS, Infosys, Wipro slip up to 3%

At 02:31 pm; Nifty IT index, the top loser among sectoral indices, was down 2.3 per cent, as compared to 0.43 per cent decline in the Nifty 50.

IT shares buck trend; Wipro, Infy, TechM gain 2%; Coforge hits new high

At 12:23 pm; the Nifty IT index was the top gainer among sectoral indices, up 1 per cent, as compared to 0.31 per cent decline in the Nifty 50.

Why Sensex fell 655 pts, Nifty below 24,200 ahead of Diwali Muhurat Trading

Indian bourses retreated heavily on Thursday, a day ahead of Diwali Muhurat Trading on November 1, with the BSE Sensex dropping 655 points or 0.81 per cent at 79,287.93 level

Tech Mahindra boosts workforce by 6,653 in Q2, headcount climbs to 154,273

As of September, Tech Mahindra's employee count rose to 154,273 from 147,620 last quarter, while attrition slightly increased to 10.6 per cent, with IT attrition at 11 per cent

Nifty IT index surges nearly 3%; Coforge, Persistent zoom 12% on strong Q2

Analysts anticipate growth momentum to return in FY25 for IT sector, aided by a lower base coupled with easing sectoral headwinds.

Tech Mahindra share hits fresh 52-wk high as Q2 profit zooms 47%

The Tech Mahindra scrip rose as much as 4.34 per cent to hit a fresh 52-week high of Rs 1,761.30 per share.

Tech Mahindra Q2FY25 results: PAT up 153% to Rs 1,250 cr, revenue up 3.5%

IT services firm Tech Mahindra on Saturday reported a more than two-fold jump in its consolidated net profit to Rs 1,250 crore for the July-September quarter, driven by special income from the sale of assets. The Mahindra Group company posted a net profit of Rs 493.9 crore in the year-ago period, according to an exchange filing. Revenue rose by 3.49 per cent to Rs 13,313.2 crore in the second quarter of 2024-25 compared to Rs 12,863.9 crore in the same quarter of 2023-24. Other income includes gain on sale of property of Rs 4,502 million which comprises of freehold land and its related buildings along with the furniture & fixtures sold for a consideration of Rs 5,350 million, receivable over a period of four years along with interest of 8.2 per cent p.a, the company filing said. Sequentially, net profit rose by 46.81 per cent and revenue by 2.36 per cent. "We continue to progress on our strategic improvement efforts even as the overall IT services industry has remained soft. "We

Nifty pivot stands at 24,800, Bank Nifty 51,800; shows F&O data

F&O market update Oct 18: The Nifty options data suggests likely resistance for the index near 24,800 - 25,000, and support between 24,500 - 24,700; says Dupesh Dhameja of SAMCO Securities.