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Tech Mahindra Ltd sees good upmove – Business Standard


Tech Mahindra Ltd is quoting at Rs 563.25, up 2.44% on the day as on 12:54 IST on the NSE. The stock is down 28.66% in last one year as compared to a 24.49% drop in NIFTY and a 22.01% drop in the Nifty IT index.

Tech Mahindra Ltd gained for a third straight session today. The stock is quoting at Rs 563.25, up 2.44% on the day as on 12:54 IST on the NSE. The benchmark NIFTY is up around 0.24% on the day, quoting at 8813.65. The Sensex is at 30035.93, down 0.1%. Tech Mahindra Ltd has slipped around 20.08% in last one month.


Meanwhile, Nifty IT index of which Tech Mahindra Ltd is a constituent, has slipped around 15.36% in last one month and is currently quoting at 12588.95, down 0.13% on the day. The volume in the stock stood at 24.67 lakh shares today, compared to the daily average of 44.01 lakh shares in last one month.

The benchmark April futures contract for the stock is quoting at Rs 563, up 1.75% on the day. Tech Mahindra Ltd is down 28.66% in last one year as compared to a 24.49% drop in NIFTY and a 22.01% drop in the Nifty IT index.

The PE of the stock is 12.8 based on TTM earnings ending December 19.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)





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