Trending stocks: Tech Mahindra stock falls 1% in early trade

NEW DELHI: Shares of Tech Mahindra traded 0.96 per cent down in Monday's trade at 09:24 am. Around 1,79,792 shares changed hands on the counter. The stock opened at Rs 551.0 and touched an intraday high and low of Rs 551.0 and Rs 537.75, respectively, in the session so far.

The IT services major said it has changed some of the terms of its stake-acquisition deals with Zen3 Infosolutions (America) Inc and Cerium Systems.

The stock quoted a 52-week high of Rs 846.5 and a 52-week low of Rs 479.8.


Financials
Tech Mahindra, incorporated in the year 1986, is a Large Cap company (having a market cap of Rs 53772.13 crore) operating in IT Software sector.

The company reported net profit after tax of Rs 1110.20 crore for the quarter ended 31 December, 2019. For the same quarter, the company has reported Consolidated sales of Rs 9654.60 crore, up 6.45 per cent from last quarter Sales of Rs 9069.90 crore and up 7.95 per cent from last year same quarter Sales of Rs 8943.70 crore.

Tech Mahindra key products/revenue segments include software services which contributed Rs 27219.60 crore to sales value (100.00 per cent of total sales)for the year ending 31-mar-2019.

Promoter holding
Promoters held 35.86666 per cent stake in the company as of quarter ended 31st Dec 2019.

Valuation ratio
It quoted a price-to-earnings ratio of 12.34 and price to book value of 2.64.