Tech Mahindra Ltd gains for five straight sessions

Tech Mahindra Ltd is quoting at Rs 674.8, up 0.05% on the day as on 12:49 IST on the NSE. The stock is up 4.43% in last one year as compared to a 5.09% fall in NIFTY and a 7.94% fall in the Nifty IT.

Aug 08, 2019 07:08 IST capital market

Tech Mahindra Ltd rose for a fifth straight session today. The stock is quoting at Rs 674.8, up 0.05% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 0.29% on the day, quoting at 10886.7. The Sensex is at 36816, up 0.34%. Tech Mahindra Ltd has dropped around 0.16% in last one month.

Meanwhile, Nifty IT index of which Tech Mahindra Ltd is a constituent, has dropped around 3.33% in last one month and is currently quoting at 15583.35, up 1.15% on the day. The volume in the stock stood at 15.99 lakh shares today, compared to the daily average of 30.49 lakh shares in last one month.

The benchmark August futures contract for the stock is quoting at Rs 677.5, up 0.36% on the day. Tech Mahindra Ltd is up 4.43% in last one year as compared to a 5.09% fall in NIFTY and a 7.94% fall in the Nifty IT index.

The PE of the stock is 15.16 based on TTM earnings ending June 19.

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