Shares of Tech Mahindra
surged in Wednesday’s morning session after posting strong Q3FY19 numbers.
Shares of Tech Mahindra surged 6% after its PAT increased by 13% qoq
to Rs1,203cr against median consensus estimates of Rs1,107cr. Revenue in dollar terms grew by 3.5% qoq to $1,261mn. The EBIT margin expanded by 75bps qoq to 16.1%.
Tech Mahindra Ltd is currently trading at Rs795.45 up by Rs45.45 or 6.06% from its previous closing of Rs750 on the BSE. The scrip opened at Rs782 and has touched a high and low of Rs798.65 and Rs774.10 respectively.
Hindustan Petroleum Corporation Ltd is currently trading at Rs228.70 up by Rs3.7 or 1.64% from its previous closing of Rs225 on the BSE. The scrip opened at Rs226.50 and has touched a high and low of Rs232.25 and Rs226.50 respectively.