Tech Mahindra Ltd spurts 4.11%

Tech Mahindra Ltd is quoting at Rs 674.7, up 4.11% on the day as on 12:54 IST on the NSE. The stock is up 2.42% in last one year as compared to a 3.82% drop in NIFTY and a 6.97% drop in the Nifty IT index.

Aug 06, 2019 07:08 IST capital market

Tech Mahindra Ltd is up for a third straight session in a row. The stock is quoting at Rs 674.7, up 4.11% on the day as on 12:54 IST on the NSE. The benchmark NIFTY is up around 0.85% on the day, quoting at 10954.55. The Sensex is at 37022.96, up 0.88%. Tech Mahindra Ltd has dropped around 0.83% in last one month.

Meanwhile, Nifty IT index of which Tech Mahindra Ltd is a constituent, has dropped around 1.66% in last one month and is currently quoting at 15518.55, up 0.73% on the day. The volume in the stock stood at 45.86 lakh shares today, compared to the daily average of 28.05 lakh shares in last one month.

The benchmark August futures contract for the stock is quoting at Rs 678.35, up 4.43% on the day. Tech Mahindra Ltd is up 2.42% in last one year as compared to a 3.82% drop in NIFTY and a 6.97% drop in the Nifty IT index.

The PE of the stock is 14.5 based on TTM earnings ending June 19.

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