Tech Mahindra is currently trading at Rs 598.30, up by 0.90 points or 0.15% from its previous closing of Rs 597.40 on the BSE.
The scrip opened at Rs 597.00 and has touched a high and low of Rs 602.95 and Rs 588.00 respectively. So far 11854 shares were traded on the counter.
The BSE group 'A' stock of face value Rs 10 has touched a 52 week high of Rs 797.70 on 27-Jul-2011 and a 52 week low of Rs 524.20 on 30-Sep-2011.
Last one week high and low of the scrip stood at Rs 621.00 and Rs 588.00 respectively. The current market cap of the company is Rs 7601.84 crore.
The promoters holding in the company stood at 70.98% while Institutions and Non-Institutions held 19.78% and 9.24% respectively.
The company has reported 40.66% fall in net profit after tax for the quarter under review at Rs 109.17 crore. The company had posted a net profit of Rs 183.97 crore in the corresponding period last year. The company’s total income has declined by 9.95% at Rs 1348.86 crore for Q2FY12 as compared to Rs 1497.89 crore for Q2FY11.
Tech Mahindra Group has posted a net profit of Rs 240.44 crore for the quarter under review, higher by 59.59% from Rs 150.66 crore in the same period a year ago. Total income fell 7.06% to Rs 1430.41 crore for quarter under review as compared to Rs 1539.08 crore for same quarter last year.
The consolidated net profit jumped largely due to profits reported by sister company Mahindra Satyam and foreign exchange gains. Mahindra Satyam achieved a net profit of Rs 238 crore in the second quarter ended September 30, showing a growth of 5.7% quarter-on-quarter. Tech Mahindra has picked up a profit of Rs 101.6 crore by virtue of the 42.65% stake it holds in the Hyderabad-based company.
| Company Name | CMP |
|---|---|
| TCS | 4168.05 |
| Infosys | 1922.05 |
| HCL Tech. | 1911.20 |
| Wipro | 305.15 |
| Tech Mahindra | 1685.20 |
| View more.. | |
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