Tech Mahindra Ltd Share Price (TECHM)
₹1179.65
Tech Mahindra Ltd share Performance
- ₹1176.05₹1207.85₹1179.65
0.31%
Low
Day's Volatility:2.70%
High
2.39%
- ₹981.05₹1416.3₹1179.65
16.84%
Low
52 Weeks Volatility:36.90%
High
20.06%
| Returns % | |
| 1 Month Return | -6.04 % |
| 3 Month Return | -11.76 % |
| 1 Year Return | 16.64 % |
| Market Stats | |
| Previous Close | ₹1,195.80 |
| Open | ₹1,199.55 |
| Volume | 32.42L |
| Upper Circuit | - |
| Lower Circuit | - |
| Market Cap | ₹1,16,800.78Cr |
Analyst Rating for Tech Mahindra Ltd stock
based on 38 analysts
Based on 38 analysts offering long term price targets for Tech Mahindra Ltd. An average target of ₹1273.95
Source: S&P Global Market Intelligence
Company Information
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: ₹1179.65 per share as on 18 Apr, 2024 04:01 PM
Market Capitalisation: ₹1,16,800.78Cr 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
| Organisation | Tech Mahindra Ltd |
| Headquarters | Pune |
| Industry | IT - Software |
| E-voting on shares | Click here to vote |
Key events for Tech Mahindra Ltd
Tech Mahindra's High P/E Ratio Justified by Expected Future Growth - 14 Apr, 2024
Despite a high P/E ratio of 38.9x, Tech Mahindra is expected to see strong future growth with estimated earnings growth of 43% per annum over the next three years compared to the market's forecasted expansion of only 20%. This justifies the higher stock price and investors are willing to pay more for it.
Tech Mahindra Among Top Gainers on BSE Sensex - 12 Apr, 2024
Tech Mahindra is expected to see flat growth in Q4FY24 and a sequential decline in FY25E according to HDFC Securities. The company was among the top gainers on BSE Sensex, which rose by 218 points.
Tech Mahindra Collaborates with Microsoft for Analytics Platform - 10 Apr, 2024
Tech Mahindra is set to release its Q4FY24 financial results, expected to show a significant YoY decline in net profit. The company has also announced a collaboration with Microsoft to launch an analytics platform.
Tech Mahindra Collaborates with AVEVA to Establish CoE - 03 Apr, 2024
Tech Mahindra collaborates with British IT consulting company AVEVA to establish a Centre of Excellence (CoE) at its Pune campus. CLSA has upgraded Tech Mahindra to buy from outperform, but reduced the target price to Rs 1,508 from Rs 1,518. New CEO & MD Mohit Joshi sees AI as a big opportunity.
Tech Mahindra Falls as New CEO Takes Charge - 01 Apr, 2024
Tech Mahindra's stock has fallen for five consecutive sessions, while new CEO Mohit Joshi aims to chart a fresh course of action leveraging synergies within the Mahindra group and AI opportunities.
Tech Mahindra Announces Merger of Subsidiaries - 26 Mar, 2024
Tech Mahindra plans to merge its two wholly-owned subsidiaries, Born Group and Tech Mahindra (Americas), to reduce compliance risks and optimise operational costs.
Tech Mahindra Announces Merger of Subsidiaries - 24 Mar, 2024
Tech Mahindra plans to merge its wholly-owned subsidiaries, Born Group and Tech Mahindra (Americas), to enhance operational efficiencies and minimise compliance risks. The merger is set to optimise operational costs and streamline business operations with no cash consideration or issuance of new shares involved under the Plan of Merger.
Tech Mahindra to Merge Wholly-Owned Subsidiary with Parent Company - 23 Mar, 2024
Tech Mahindra has announced the approval of a merger plan between its wholly-owned subsidiary, Born Group, Inc., and parent company Tech Mahindra (Americas) Inc.
Tech Mahindra Collaborates with IBM to Open Synergy Lounge - 22 Mar, 2024
Tech Mahindra has partnered with IBM to launch a Synergy Lounge in the APAC region, aimed at accelerating digital adoption. The Lounge will help businesses operationalize next-gen technologies such as AI, Hybrid Cloud, 5G, Edge Computing, Cybersecurity, among others.
Tech Mahindra Offers Cloud BlazeTech Platform for End-to-End Cloud Transformation - 18 Mar, 2024
Tech Mahindra has collaborated with Intel to offer a hybrid multi-cloud management platform, Cloud BlazeTech, that provides integrated and customizable solutions for customers looking at unifying cloud management. The company has automated cloud service delivery through the BlazeTech Cloud Service Framework.
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.
POSITIVE IMPACTProfit Spike
Netprofit is up for the last 2 quarters, 493.9 Cr → 510.4 Cr (in ₹), with an average increase of 3.2% per quarter
- POSITIVE IMPACT
MF Holding Up
Mutual Funds have increased holdings from 12.36% to 14.24% in Dec 2023 quarter
- POSITIVE IMPACT
Revenue Rich
Revenue is up for the last 2 quarters, 13.12K Cr → 13.19K Cr (in ₹), with an average increase of 0.5% per quarter
NO EFFECTAgainst Peers
In the last 3 years, HCL Technologies Ltd has given 48.5% return, outperforming this stock by 29.0%
- NO EFFECT
Against Peers
In the last 1 year, HCL Technologies Ltd has given 38.9% return, outperforming this stock by 22.2%
NEGATIVE IMPACTPrice Dip
In the last 7 days, TECHM stock has moved down by -3.7%
- NEGATIVE IMPACT
FII Holding Down
Foreign Institutions have decreased holdings from 26.22% to 24.58% in Dec 2023 quarter
- NEGATIVE IMPACT
Retail Holding Down
Retail Investor have decreased holdings from 11.34% to 11.13% in Dec 2023 quarter
- NEGATIVE IMPACT
Promoter Holding Down
Promoters have decreased holdings from 35.13% to 35.11% in Dec 2023 quarter
Tech Mahindra Ltd Valuation
Tech Mahindra Ltd in the last 5 years
Lowest (9.79x)
March 23, 2020
Industry (37.11x)
April 16, 2024
Today (37.52x)
April 16, 2024
Highest (44.18x)
January 24, 2024
Mutual Fund Holdings
| Funds | Holdings |
 Tata Digital India Fund Direct Growth | 9.06% |
 ICICI Prudential Bluechip Fund Direct Plan Growth | 1.36% |
| ICICI Prudential Technology Fund Direct Plan Growth | 5.45% |
 HDFC Flexi Cap Fund -Direct Plan - Growth Option | 1.23% |
 SBI Balanced Advantage Fund Direct Growth | 1.95% |
Shareholding Pattern
| Investors | Holdings % | Prev. 4 periods | 3M change |
|---|---|---|---|
| Promoter Holdings | 35.11% | ||
| Foreign Institutions | 24.58% | ||
| Mutual Funds | 14.24% | 15.24 | |
| Retail Investors | 11.13% | ||
| Others | 14.95% | 0.01 |
Technicals of Tech Mahindra Ltd share
News & Events of Tech Mahindra Ltd
News
ZEE's Amit Goenka, Umesh Bansal: Who are the top leaders after Punit Goenka shuffles ranks?
Punit Goenka himself will assume direct charge of all the critical business verticals including the Domestic Broadcast Business.
18 Apr, 2024 11:26 AMShare price of Zee Ent. falls as Nifty weakens
A total of 399,681 shares changed hands on the counter till 01:49PM (IST).
18 Apr, 2024 01:49 PMZee Entertainment Enterprises, SAIL among 5 stocks with top long unwinding
Long unwinding refers to selling of positions or stocks owned for a longer period either to book profit or to exit it in anticipation of impending bearishness. ... Read more
18 Apr, 2024 05:32 PMFrequently Asked Questions
- Get a PAN card.
- Open a Demat account.
- Open a Trading account.
- Link your Demat account to your Trading account.
- Fund your Trading account.
- Place an order to buy Tech Mahindra Ltd shares.
Tech Mahindra Ltd (TECHM) share price today is ₹1179.65
Tech Mahindra Ltd is listed on NSE
Tech Mahindra Ltd is listed on BSE
- Today’s highest price of Tech Mahindra Ltd is ₹1207.85.
- Today’s lowest price of Tech Mahindra Ltd is ₹1176.05.
PE Ratio of Tech Mahindra Ltd is 37.52
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 32.42L.
Today’s market capitalisation of Tech Mahindra Ltd(TECHM) is ₹116800.78Cr.
| Tech Mahindra Ltd(TECHM | Price |
|---|---|
52 Week High | ₹1416.3 |
52 Week Low | ₹981.05 |
Tech Mahindra Ltd(TECHM) share price is ₹1179.65. It is down -16.71% from its 52 Week High price of ₹1416.3
Tech Mahindra Ltd(TECHM) share price is ₹1179.65. It is up 20.24% from its 52 Week Low price of ₹981.05
| Tech Mahindra Ltd(TECHM | Returns |
|---|---|
1 Day Returns | -16.15% |
1 Month Returns | -6.04% |
3 Month Returns | -11.76% |
1 Year Returns | 16.64% |