Tech Mahindra Ltd eases for fifth straight session

8 Feb 2022 , 01:35 PM

Tech Mahindra Ltd fell for a fifth straight session today. The stock is quoting at Rs 1435.6, down 0.6% on the day as on 13:24 IST on the NSE. The benchmark NIFTY is down around 0.21% on the day, quoting at 17177.5. The Sensex is at 57500.21, down 0.21%.Tech Mahindra Ltd has eased around 16.34% in last one month.Meanwhile, Nifty IT index of which Tech Mahindra Ltd is a constituent, has eased around 9.85% in last one month and is currently quoting at 34621.2, down 0.5% on the day. The volume in the stock stood at 11.78 lakh shares today, compared to the daily average of 35.74 lakh shares in last one month.

The benchmark February futures contract for the stock is quoting at Rs 1435.1, down 0.71% on the day. Tech Mahindra Ltd jumped 47.23% in last one year as compared to a 13.69% rally in NIFTY and a 33.62% spurt in the Nifty IT index.

The PE of the stock is 27.76 based on TTM earnings ending December 21.

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