Technically, Persistent Systems seems to be favourably placed among these 3 IT peers, with the stock now seen quoting above its 200-DMA for the first time in nearly three months.
Tech Mahindra's new deals in the second quarter were worth $816 million, up 35.3 per cent from last year
Stocks to watch today: Kolte-Patil, Saatvik Green, Thyrocare, Persistent Systems are among other top stocks to track.
New deal wins for the second quarter stood at $816 million, up 35.3 per cent from last year
IT services company Tech Mahindra on Tuesday reported a 4.44 per cent decline in its September quarter net profit to Rs 1,194.5 crore. The post-tax profit is lower than the Rs 1,250 crore it had posted in the year-ago period and marginally higher than the Rs 1,141 crore it reported in the preceding June quarter. Its revenue grew to Rs 13,995 crore from Rs 13,313 crore a year ago and Rs 13,351 crore in the quarter-ago period, as per an exchange filing. The pre-tax profit margin expanded by 2.54 per cent year-on-year to 12.1 per cent during the reporting quarter. The total employee headcount declined by 1,559 year-on-year to 1.52 lakh staff as of September 30, 2025. The Tech Mahindra scrip rose 1.19 per cent to close at Rs 1,468.15 on BSE against a 0.36 per cent correction on the benchmark.
Sensex Today| Stock Market Close Highlights today, Oct 14, 2025: In the broader markets, the Nifty MidCap 100 index settled down 0.75 per cent and the Nifty SmallCap 100 index slipped 0.89 per cent
Q2FY26 company results: ICICI Lombard, Ireda, ICICI Prudential Life Insurance, and Leela Palaces Hotels & Resorts will also release their Sept quarter earnings reports today
Stocks to watch today: Oil India, KEC International, JD Cables, and Anant Raj among otherer top stocks to watch today.
Investor focus is expected on TechM's deal-win momentum, growth in financial services, H-1B visa risks, deal pipeline health, revenue retention, and GenAI's impact
Ambit analysts see HDFC Bank benefiting from accelerating credit growth, normalisation in cost of funds, and focus on high-yield segments like MSME, gold, and unsecured retail loans.
Infosys, TCS, HCL Technologies and Tech Mahindra are scheduled to announce Q2FY26 results in the next 10 days; here's a technical check on these 4 IT shares.
The BSE IT index also fell 3.5 per cent in the intraday trade. Thus far in calendar year 2025, the BSE IT index has underperformed the market by sliding 19 per cent
The Nifty IT index has fallen by 18.1 per cent so far this year, the worst among key sectors. During the same period, Nifty has risen by 3.8 per cent
From the April swing low near 1180 to the June peak around 1700, the Tech Mahindra stock saw a strong rally, followed by a month-long price correction.
The new leadership, along with the steps being undertaken to nurture internal talents, will make Tech Mahindra not just a world-leading entity but also a world-beating organisation, a top company official has said. Tech Mahindra has restructured its global operations following the exit of some of its employees after the succession of the CEO role to Mohit Joshi, who has been with the company since its founding and is one of the longest-serving chief executives in the IT industry, CP Gurnani. "Our talent is the engine driving Tech Mahindra's transformation. We are doing what it takes to make TechM not just a world-leading, but a world-beating organisation, whether that means creating new roles, nurturing internal talent, or bringing in bold new leadership," Joshi told PTI in an email interview. The company has appointed new leaders for several verticals and elevated internal senior employees between August 2023 and June 2025 to lead key divisions at the organisation in global ...
Despite high hopes, India’s top IT firms delivered weak revenue growth and mixed profits in Q1 FY26.
The Nifty IT index has fallen by 18.3 per cent so far this year, the worst among key sectors. During the same period, Nifty has risen by 4.7 per cent
Meanwhile, four IT companies combined - TCS, Infosys, HCL Technologies and Tech Mahindra - have made a dent of ₹15,321 crore in LIC's portfolio thus far in July
This comes in a tepid job market, where overall demand remains soft but companies are scrambling to find talent with niche digital skills like artificial intelligence (AI), cloud, and cybersecurity
IT company Tech Mahindra will invest in sales and marketing as well as learning infrastructure in key markets to enhance its position, Mahindra Group Chairman Anand Mahindra said on Thursday. During the Annual General Meeting of Tech Mahindra, he said that the IT firm has an edge in the area of AI, which is reshaping businesses and society. "Over the next two to three years, the company plans to invest in learning infrastructure and in enhancing market position in key markets by investing in sales, marketing and key service lines across strategic verticals," Mahindra said in response to a question asked by a shareholder. Tech Mahindra has opened a 'Manufacturing Xperience Center' at its campus in Chennai to help manufacturers quickly prototype and scale AI-driven innovations to address industry challenges such as high operational costs, process inefficiencies, supply chain disruptions, and complex operational hurdles. We remain open to setting up centres like the one in Chennai and