Trending stocks: Tech Mahindra share price rises nearly 4%

NEW DELHI: Shares of Tech Mahindra Ltd. traded 3.54 per cent up in Thursday 's trade at 10:53AM (IST). Around 95237 shares changed hands on the counter.

The scrip opened at Rs 537.2 and touched an intraday high and low of Rs 552.4 and Rs 536.0 , respectively, in the session so far. The stock quoted a 52-week high of Rs 846.5 and a 52-week low of Rs 479.8 .

Tech Mahindra Ltd., incorporated in the year 1986, is a Large Cap company (having a market cap of Rs 51079.75 Crore) operating in IT Software sector.


Software services company Tech Mahindra will announce its March quarter earnings today.

Key Financials

The company reported consolidated net sales of Rs 9654.6 crore for the quarter ended 31-Dec-2019 , up 6.45 per cent from previous quarter's Rs 9069.9 crore and up 7.95 per cent from the year-ago quarter's Rs 8943.7 crore.

Bottomline for the latest quarter stood at Rs 1145.9 crore, -4.74 per cent from the same quarter a year ago .

Shareholding pattern
As of 31-Mar-2020 , DIIs held 8.391103 per cent stake in the firm , while foreign institutional investors held 39.657803 per cent and the promoters 35.821472 per cent.

Valuation ratio

According to BSE data, the stock traded at a P/E multiple of 12.17 and a price-to-book ratio of 211.11 .A higher P/E ratio shows investors are willing to pay a higher price because of better future growth expectations. Price-to-book value indicates the inherent value of a company and is the measure of the price that investors are ready to pay even for 'nil' growth in the business.

Tech Mahindra Ltd. belongs to the IT Consulting & Software - Large Cap industry.