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Tech Mahindra Limited (TECHM.BO)
| Previous close | 1,179.85 |
| Open | 1,164.95 |
| Bid | 1,188.90 x 0 |
| Ask | 1,189.60 x 0 |
| Day's range | 1,163.70 - 1,193.40 |
| 52-week range | 982.95 - 1,416.00 |
| Volume | |
| Avg. volume | 75,705 |
| Market cap | 1.161T |
| Beta (5Y monthly) | 0.57 |
| PE ratio (TTM) | 37.46 |
| EPS (TTM) | 31.74 |
| Earnings date | 25 Apr 2024 |
| Forward dividend & yield | 44.00 (3.73%) |
| Ex-dividend date | 02 Nov 2023 |
| 1y target est | N/A |
Barrons.comIndian Shares Close Lower. Tech Mahindra Slumps 6.1%.
Indian shares closed lower, dragged by technology stocks. Tech Mahindra fell 6.1%, its largest one-day percentage loss in more than three years. The IT company reported weaker-than-expected 3Q earnings, and its near-term revenue growth momentum may slow, Axis Securities wrote in a note.
ReutersIndia's Tech Mahindra misses Q3 profit view on muted spending in key segments
MUMBAI/BENGALURU (Reuters) -India's Tech Mahindra posted a 60.6% drop in third-quarter net profit on Wednesday, missing estimates as clients continued to hold back spending in communications and banking segments. The fifth-largest Indian IT services company's net profit fell to 5.10 billion rupees ($61.36 million) for the three months ended Dec. 31, 2023, from 12.97 billion rupees a year earlier. Analysts, on average, expected a profit of 6.17 billion rupees, according to LSEG data.
- Investing.com
India’s Nifty 50 crosses 22,000 to hit record high, Wipro leads tech rally
Investing.com-- India’s Nifty 50 index hit record highs on Monday, breaching the 22,000 level as index heavyweight Wipro (NYSE:WIT) led a rally in technology stocks on stronger-than-expected earnings.
