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Tech Mahindra Ltd Share Price (TECHM)

₹1285.850.79%

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Overview
Fundamentals
Q3 '23 Results
Technicals
News and Events

Overview of Tech Mahindra Ltd

Key events for Tech Mahindra Ltd

  • Tech Mahindra Collaborates with Pegatron for Private 5G Solutions - 28 Feb, 2024

    Tech Mahindra has signed an MoU with Taiwanese company, Pegatron, to jointly explore opportunities in the fast-growing private 5G space. The partnership will enable Tech Mahindra to deliver end-to-end 5G services and accelerate AI applications and edge computing across industries.

  • Tech Mahindra Collaborates with Red Hat for 5G Deployments - 27 Feb, 2024

    Tech Mahindra has partnered with Red Hat to help telecom operators manage 5G deployments across hybrid cloud. The collaboration will enable Tech Mahindra's Multi-mode Companion Cloud with Red Hat OpenShift running on Amazon Web Services (AWS) to support multiple network use cases, spanning RAN, edge computing, transport and 5G core, to extend capabilities across hybrid cloud environments with integrated automation and orchestration capabilities.

  • Tech Mahindra Collaborates with GCCs; Jefferies Warns of Consensus Downgrades - 26 Feb, 2024

    Tech Mahindra is collaborating with Global Capability Centres to expand its customer base while Jefferies warns of consensus downgrades due to a soft growth environment. The brokerage recommends Unpf with a price target of ₹1,080.

  • Tech Mahindra's Inconsistent Financials Raise Concerns - 25 Feb, 2024

    Despite a 10% increase in stock price over the last three months, Tech Mahindra's inconsistent financials and lower ROE compared to industry average may impact growth. Flat net income growth over five years and negligible earnings growth despite a normal payout ratio suggest other factors at play.

  • Mixed News for Tech Mahindra Ltd - 23 Feb, 2024

    A JM Financial report suggests limited potential for positive earnings surprises for Tech Mahindra. However, the recent surge of global capability centres in India is driving demand for IT services companies like Tech Mahindra.

  • IT Giants Lay Off Over 67,000 Employees in One Year - 22 Feb, 2024

    Infosys, TCS, Wipro and Tech Mahindra laid off over 67,000 employees in one year. Tech Mahindra culled 10,669 roles.

  • Tech Mahindra Acquires OCSI Stake, Partners with TOTSCo for Message Exchange Platform - 20 Feb, 2024

    Tech Mahindra acquires 100% stake in Orchid Cybertech Services for AUD 5 million to expand customer experience capabilities and business in the Philippines. The company also partners with TOTSCo to design, build and operate a message exchange platform for telecom operators in the UK. Mohit Joshi, CEO of Tech Mahindra, believes AI will increase productivity and remove performance differential among different levels of workforce.

  • Tech Mahindra Head President Discusses Industry Transition to Gen AI - 18 Feb, 2024

    Jagdish Mitra, Head President - India and Head of Corporate Affairs at Tech Mahindra, discusses the industry's transition to Gen AI and the potential for automation productivity gains and new services/products. Indian IT players' investments in training and knowledge of business operations give them an advantage.

  • Manish Vyas Appointed to Prodapt Board as Executive Director - 15 Feb, 2024

    Tech Mahindra's former president of the communications, media, and entertainment business, Manish Vyas, has been appointed to the board of Prodapt as executive director. During his 23-year tenure at Tech Mahindra, he played a key role in the company's exponential revenue growth from $150 million to approximately $6.5 billion.

  • Manish Vyas Appointed as Executive Director at Prodapt - 14 Feb, 2024

    Former President of Tech Mahindra's CME business, Manish Vyas, has been appointed as an Executive Director at Prodapt. Vyas was instrumental in Tech Mahindra's exponential revenue growth and scaling the Communications & Media business significantly.

  • Tech Mahindra Posts Sequential Growth in Q3 FY24 - 12 Feb, 2024

    After three quarters of decline, Tech Mahindra posted a sequential growth of 1.8% in the December quarter of FY24 under new CEO Mohit Joshi's leadership.

  • Tech Mahindra Posts Sequential Growth Under New CEO - 10 Feb, 2024

    After three quarters of decline, Tech Mahindra posted 1.8% sequential growth in Q3 FY24 under new CEO Mohit Joshi. However, despite growing revenue, EPS has dropped and dividend yield is modest.

  • Tech Mahindra Faces Short-Term Growth Challenges - 07 Feb, 2024

    Brokerage firm Systematix Institutional Research has initiated coverage on the IT sector, rating Tech Mahindra as a SELL with a target price of ₹1,095 due to short-term growth challenges. The stock, along with Infosys, was down over 1% on February 7th.

  • Tech Mahindra Downgraded by KR Choksey - 31 Jan, 2024

    KR Choksey has downgraded Tech Mahindra's stock to HOLD from ACCUMULATE due to poor revenue growth and high exposure to the struggling telecom sector. The company currently trades at a PE multiple of 41.2x on FY24E/22.8x on FY25E EPS.

Analyst Rating for Tech Mahindra Ltd stock

based on 38 analysts

HOLD
26.32%
Buy
28.95%
Hold
44.74%
Sell

Based on 38 analysts offering long term price targets for Tech Mahindra Ltd. An average target of ₹1289.13

Source: S&P Global Market Intelligence

Tech Mahindra Ltd share Performance

  • ₹1271
    ₹1306.05
    ₹1285.85
    downward going graph

    1.15%

    Downside

    Day's Volatility:2.73%

    Upside

    1.57%

    downward going graph
  • ₹981.05
    ₹1416.3
    ₹1285.85
    downward going graph

    23.70%

    Downside

    52 Weeks Volatility:33.85%

    Upside

    10.15%

    downward going graph
1 Month Return-1.39 %
3 Month Return7.79 %
1 Year Return17.8 %
Previous Close₹1,296.05
Open₹1,302.00
Volume12.89L
Market Cap₹1,26,567.98Cr

Tech Mahindra Ltd Company Information

Tech Mahindra Ltd is an Indian multinational technology company that was incorporated in 1986. It is a part of the Mahindra Group and provides digital transformation, consulting, and business re-engineering services. It is headquartered in Pune, India and has its presence in over 90 countries.

The company operates in several lines of business, such as enterprise business solutions, digital transformation, IT services, network services, and business process outsourcing. Its top products include enterprise mobility solutions, cloud computing solutions, analytics, and big data solutions.

Tech Mahindra is well-known for its popular brands such as Mahindra Comviva, Mahindra Satyam, and Mahindra Aerospace. It also has strategic partnerships with world-renowned companies such as Microsoft, Oracle, and HP. The company also provides a wide range of services including managed services, application development, and system integration.

Share Price: ₹1285.85 per share as on 28 Feb, 2024 04:01 PM
Market Capitalisation: ₹1,26,567.98Cr as of today
Revenue: ₹13,101.30Cr as on December 2023 (Q4 23)
Net Profit: ₹523.70Cr as on December 2023 (Q4 23)
Listing date: 28 Aug, 2006
Chairperson Name: Anand Mahindra
OrganisationTech Mahindra Ltd
HeadquartersPune
IndustryIT - Software
E-voting on sharesClick here to vote

Fundamentals of Tech Mahindra Ltd

Insights on Tech Mahindra Ltd

Insights help you understand the recent movement of the company's critical parameters, giving you an overall view of the company.

  • imgPOSITIVE IMPACT

    Price Rise

    img

    In the last 1 year, TECHM stock has moved up by 17.8%

  • imgPOSITIVE IMPACT

    MF Holding Up

    img

    Mutual Funds have increased holdings from 12.36% to 14.24% in Dec 2023 quarter

  • imgPOSITIVE IMPACT

    Revenue Rich

    img

    Revenue is up for the last 2 quarters, 13.12K Cr → 13.19K Cr (in ₹), with an average increase of 0.5% per quarter

  • imgPOSITIVE IMPACT

    Profit Spike

    img

    Netprofit is up for the last 2 quarters, 493.9 Cr → 510.4 Cr (in ₹), with an average increase of 3.2% per quarter

  • imgNO EFFECT

    Against Peers

    img

    In the last 1 year, HCL Technologies Ltd has given 53.9% return, outperforming this stock by 36.1%

  • imgNO EFFECT

    Against Peers

    img

    In the last 3 years, HCL Technologies Ltd has given 78.3% return, outperforming this stock by 39.8%

  • imgNEGATIVE IMPACT

    Promoter Holding Down

    img

    Promoters have decreased holdings from 35.13% to 35.11% in Dec 2023 quarter

  • imgNEGATIVE IMPACT

    FII Holding Down

    img

    Foreign Institutions have decreased holdings from 26.22% to 24.58% in Dec 2023 quarter

  • imgNEGATIVE IMPACT

    Retail Holding Down

    img

    Retail Investor have decreased holdings from 11.34% to 11.13% in Dec 2023 quarter

Tech Mahindra Ltd Valuation

Tech Mahindra Ltd in the last 5 years

  • Overview

  • Trends

Lowest (9.79x)

March 23, 2020

Industry (39.44x)

February 27, 2024

Today (40.67x)

February 27, 2024

Highest (44.18x)

January 24, 2024

LowHigh

Tech Mahindra Ltd Mutual Fund Holdings

Funds Holdings
Tata Digital India Fund Direct GrowthTata Digital India Fund Direct Growth8.72%
ICICI Prudential Bluechip Fund Direct Plan GrowthICICI Prudential Bluechip Fund Direct Plan Growth1.7%
ICICI Prudential Technology Fund Direct Plan GrowthICICI Prudential Technology Fund Direct Plan Growth6.14%
HDFC Flexi Cap Fund -Direct Plan - Growth OptionHDFC Flexi Cap Fund -Direct Plan - Growth Option1.4%
SBI Balanced Advantage Fund Direct GrowthSBI Balanced Advantage Fund Direct Growth2.18%

Tech Mahindra Ltd Shareholding Pattern

InvestorsHoldings %Prev. 4 periods3M change
Promoter Holdings
35.11%
-0.07
Foreign Institutions
24.58%
-6.28
Mutual Funds
14.24%
15.24
Retail Investors
11.13%
-1.90
Others
14.95%
0.01

Technicals of Tech Mahindra Ltd share

News & Events of Tech Mahindra Ltd

News

Networking Skills: The Modern Grid Is a Cacophony of Data. GridOS Is Helping to Bring It into Perfect Harmony

Networking Skills: The Modern Grid Is a Cacophony of Data. GridOS Is Helping to Bring It into Perfect Harmony

28 Feb, 2024 09:38 PM

Reps want frequent power grid collapse probed

The House of Representatives, on Wednesday, called for an urgent probe of the frequent collapses of the nation’s power grid.

29 Feb, 2024 12:03 AM

Australia has six years to clean up its power grid. But in one state, it's taking nearly 10 years to approve a wind farm

New South Wales is regarded as 'the most difficult state' for clean energy developers, according to fresh analysis which found the state is taking roughly 3488 ... Read more

29 Feb, 2024 12:18 AM
View More

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Tech Mahindra Ltd (TECHM) share price today is ₹1285.85

Tech Mahindra Ltd is listed on NSE

Tech Mahindra Ltd is listed on BSE

  • Today’s highest price of Tech Mahindra Ltd is ₹1306.05.
  • Today’s lowest price of Tech Mahindra Ltd is ₹1271.

PE Ratio of Tech Mahindra Ltd is 40.67

PE ratio = Tech Mahindra Ltd Market price per share / Tech Mahindra Ltd Earnings per share

Today’s traded volume of Tech Mahindra Ltd(TECHM) is 12.89L.

Today’s market capitalisation of Tech Mahindra Ltd(TECHM) is ₹126567.98Cr.

Tech Mahindra Ltd(TECHMPrice
52 Week High
₹1416.3
52 Week Low
₹981.05

Tech Mahindra Ltd(TECHM) share price is ₹1285.85. It is down -9.21% from its 52 Week High price of ₹1416.3

Tech Mahindra Ltd(TECHM) share price is ₹1285.85. It is up 31.07% from its 52 Week Low price of ₹981.05

Tech Mahindra Ltd(TECHMReturns
1 Day Returns
-10.2%
1 Month Returns
-1.39%
3 Month Returns
7.79%
1 Year Returns
17.8%