Page 16 - Tech Mahindra

Sensex gyrates 376 pts, ends 66 pts down; Sun Pharma zooms 10%, Tech M 7%

Domestic equities witnessed sharp profit booking in the fag end of the session as European stocks slipped in early trade and US stock futures hinted at a muted start on Wall Street later today

Tech Mahindra surges over 8%, hits new high as Q1 profit beats estimates

The company's order book increased from $290 million in Q1FY21 to $815 million in Q1FY22

Stocks to watch: TechM, Concor, Bandhan Bank, UPL, Tatva Chintan, TVS Motor

State-owned Container Corporation of India (Concor) reported a 409.67 per cent YoY surge in consolidated net profit to Rs 251.22 crore for the first quarter ended June 30

Tech Mahindra Q1 net up 39.2% YoY to Rs 1,353 cr, revenues rises 12%

Profit rises 25% sequentially on broad-based growth across segments and verticals

Tech Mahindra Q1 profit jumps 39% YoY to Rs 1,353 crore, beats estimates

The company beat profit expectations by a wide margin as most brokerages had projected the figure to rise between 16-23 per cent YoY

F&O expiry: Sensex gains 209 pts; Nifty Metal index zooms 5%, PSB index 3%

Tata Steel (up 6.8 per cent), Bajaj twins, SBI, HCL Tech, and Sun Pharma were the top gainers on the Sensex today

Stocks to watch: Tatva Chintan, Nestle India, TechM, Axis Bank, ABB India

HCL Technologies on Wednesday said it has appointed Jill Kouri as its Chief Marketing Officer

Analysts see 16-23% YoY PAT growth, margin contraction for TechM in Q1

Deal transition costs and the impact of wage hikes will drive the Ebit (earnings before interest and tax) margins sharply lower, analysts opined

Tech Mahindra partners StaTwig for Covid-19 vaccine supply chain

Tech Mahindra on Monday said it has partnered with StaTwig, a Singapore and Hyderabad-based digital supply chain solution provider, to implement vaccine traceability platform 'VaccineLedger' globally.

Airtel announces partnership with Tata group for 5G network solutions

Based on open radio access network (ORAN) technology, the plan is to roll out the solution initially for India and subsequently for exports

5G traction likely to add to Tech Mahindra's order book, growth

Valuations at a 30% discount to peers are also at attractive levels

Tech Mahindra plans acquisition in Europe, hire 250 people in Nordic region

IT company Tech Mahindra is looking for acquisitions in Europe to upgrade its capabilities in various segments, including cloud computing, 5G, SAP and Salesforce softwares

High dividend payout driving rally in IT stocks; m-cap of top 5 up 87%

Since FY15, top 5 IT firms' share price has risen 116% against 132% increase in cash-pay out

Tech Mahindra appoints 'Wellness Officer' to help workforce amid Covid

The new role has been created to institutionalise holistic wellness of all associates and to ensure access to medicine, hospitals and other medical supplies, says the IT firm

Tech Mahindra, Reagene to file patent for coronavirus attacking molecule

IT company Tech Mahindra is in the process of filing a patent, along with Reagene Biosciences, for a drug molecule that can potentially attack coronavirus, according to a senior company official

RIL, pvt banks take Sensex 558 pts up; Nifty tops 14,650; Nifty Metal up 3%

Hindalco, L&T, Tata Steel, Divis Labs, Reliance Industries, Bajaj Finance, and SBI were the top gainers on the 50-share pack

Tech Mahindra slips post March quarter results; brokerages mixed on stock

The brokerages held mixed views on the stock post the March quarter performance, ranging from 'Buy' to 'Sell'

Stocks to watch: TechM, SBI Card, Axis Bank, Maruti, Britannia, TaMo

State-owned power giant NTPC has invited expression of interest (EoI) for the sale of desalinated water produced at its joint venture project NTECL Vallur in Tamil Nadu

Our deal pipeline at present is the best in last few years: Tech Mahindra

The company's MD & CEO C P Gurnani and president (BFSI, HLS and corporate development) Vivek Agarwal talk to Shivani Shinde on the business momentum and M&A pace

Tech Mahindra net profit up 34% YoY at Rs 1,081 cr, declines sequentially

Revenue for the quarter up 2.5% YoY to Rs 9,730 crore, and 0.9% compared to preceding quarter ended December 31, 2020