Fri, Dec 06, 2024
On the top analysts' 'buy' list are stocks such as HCL Tech, JSW Steel, Tech Mahindra, and Divi's Laboratories.
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Fri, Oct 18, 2024
As the communication business of the company has largely turned steady, recovery at Tech Mahindra is likely to take longer.
Wed, Aug 21, 2024
Tech Mahindra shares are in focus in Wednesday's session as the global brokerage CLSA has downgraded the IT major to 'hold' from the earlier 'outperform' rating. Furthermore, the brokerage has also slashed the target price on the stock to Rs 1,626 from the earlier Rs 1,670.
Thu, Jul 25, 2024
The overall costs were reduced by 2.3 per cent to Rs 955 crore, proving to be one of the major factors, along with a 40 per cent reduction in the interest expense at Rs 715 crore for the profit growth despite the revenue fall.
Fri, Apr 26, 2024
Despite disappointing financial results for Q4 FY24 and the full fiscal year, Tech Mahindra's share price saw a remarkable 10% surge, reaching Rs 1,309 per share. The market's positive response underscores confidence in the company's future plans, despite falling short of street estimates.
Thu, Jan 25, 2024
Tech Mahindra shares plunged over 6% on Thursday after lackluster December quarter results. Net profit dived 61% YoY to Rs 510 crore, while revenue and EBITDA also slipped. Brokerages remain cautious citing weak bookings and the need for clarity on the new CEO's strategy.
Besides, the large-cap IT consulting firm reported a sharp decline in operating profit, with the margin narrowing to 5.4 per cent from 12 per cent in the year-ago period.
Thu, Oct 26, 2023
Tech Mahindra's share price tumbled nearly 4% on October 26 in early morning trade, after the IT company reported a 61% decline in consolidated net profit in the July-September quarter. The company's revenue from operations also declined by 2% during the quarter.
Thu, Jul 27, 2023
Tech Mahindra's top management in Corporate Radar. Profit down 38.1% to ₹692 Cr. Where did the pressure on margins come from? What were the reasons for the weak results? Watch an exclusive interview with the management of Tech Mahindra on the results.
Mon, Jan 30, 2023
Tech Mahindra shares rose by as much as Rs 10 or one per cent to Rs 1,040.2 apiece on BSE.
Wed, Sep 14, 2022
IT Sector outlook: Tracking weakness in the US market, Information Technology (IT) stocks fell the most on the benchmarks on Wednesday.
Tue, Aug 23, 2022
Information Technology (IT) sector has been dragging the market on Tuesday amid reports of IT companies resorting to variable payout cut
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