Trending stocks: Tech Mahindra shares up 3%

NEW DELHI: Shares of Tech Mahindra Ltd. traded 2.77 per cent up in Friday 's trade at 09:47AM . Around 286713 shares changed hands on the counter. The stock opened at Rs 525.0 and touched an intraday high and low of Rs 538.8 and Rs 524.3 , 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 .

IT services provider Tech Mahindra said it would shut all offices, and most critical services would be managed by employees from home.


Financials
Tech Mahindra Ltd., incorporated in the year 1986, is a Large Cap company (having a market cap of Rs 50869.90 Crore) operating in IT Software sector.

For the quarter ended 31-12-2019, the company has reported a Consolidated sales of Rs 9654.60 Crore, up 6.45 % from last quarter Sales of Rs 9069.90 Crore and up 7.95 % from last year same quarter Sales of Rs 8943.70 Crore Company has reported net profit after tax of Rs 1110.20 Crore in latest quarter.

Tech Mahindra Ltd. key Products/Revenue Segments include Software Services which contributed Rs 27219.60 Crore to Sales Value (100.00 % of Total Sales)for the year ending 31-Mar-2019.

Promoters holding
Promoters held 35.86666 per cent stake in the company as of Dec 2019 . For the quarter ended Dec 2019 , the company reported a net sales of Rs 9654.6 crore and net profit of Rs 1110.2 crore.

Valuation ratio
It quoted a price-to-earnings ratio of 11.77 and price to book value of 2.52 .