Tech Mahindra Ltd.

Tech Mahindra is currently trading at Rs. 1107.65, down by 34.05 points or 2.98% from its previous closing of Rs. 1141.70 on the BSE.

The scrip opened at Rs. 1089.00 and has touched a high and low of Rs. 1117.60 and Rs. 1089.00 respectively. So far 78754 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 1319.95 on 22-Sep-2023 and a 52 week low of Rs. 982.95 on 28-Apr-2023.

Last one week high and low of the scrip stood at Rs. 1184.85 and Rs. 1136.60 respectively. The current market cap of the company is Rs. 108916.51 crore.

The promoters holding in the company stood at 35.13%, while Institutions and Non-Institutions held 53.42% and 11.44% respectively.

Tech Mahindra has reported 41.87% fall in its net profit at Rs 555.80 crore for second quarter ended September 30, 2023 as compared to Rs 956.20 crore for the same quarter in the previous year. Total income of the company decreased by 1.63% at Rs 10953.30 crore for Q2FY24 as compared Rs 11134.30 crore for the corresponding quarter previous year.

On consolidated basis, the company has reported 61.11% fall in its net profit at Rs 505.30 crore for second quarter ended September 30, 2023 as compared to Rs 1299.20 crore for the same quarter in the previous year. Total income of the company decreased by 2.17% at Rs 13128.10 crore for Q2FY24 as compared Rs 13419.70 crore for the corresponding quarter previous year.