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Tech Mahindra Ltd Soars 2.58%

The stock is quoting at Rs 725.45, up 2.58% on the day as on 12:49 IST on the NSE. Tech Mahindra Ltd is up 48.02% in last one year as compared to a 3.47% spurt in NIFTY and a 31.39% spurt in the Nifty IT index.

Tech Mahindra Ltd is up for a third straight session in a row. The stock is quoting at Rs 725.45, up 2.58% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is down around 0.05% on the day, quoting at 10579.6. The Sensex is at 35127.19, down 0.09%. Tech Mahindra Ltd has risen around 4.45% in last one month.

Meanwhile, Nifty IT index of which Tech Mahindra Ltd is a constituent, has risen around 0.23% in last one month and is currently quoting at 14553.25, up 1.44% on the day. The volume in the stock stood at 31.08 lakh shares today, compared to the daily average of 32.51 lakh shares in last one month.

The benchmark November futures contract for the stock is quoting at Rs 725.05, up 2.32% on the day. Tech Mahindra Ltd is up 48.02% in last one year as compared to a 3.47% spurt in NIFTY and a 31.39% spurt in the Nifty IT index.

The PE of the stock is 16.98 based on TTM earnings ending September 18. – Business Standard

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