Tech Mahindra Q1 Net Profit Down 38%, Shares Slips 2%
Tech Mahindra’s revenue fell by 4% to $1600.7 mn (Rs 13,159 crore) in a quarter that has been a washout among all the large IT...
Tag : Tech Mahindra
Tech M Shares Fall 9% in 5-Days as JPMorgan, Citi Downgrade, Price Target Lowered
Shares of IT giant Tech Mahindra (Tech M) came under intense pressure this week after global brokerages JPMorgan and Citi downgraded their ratings. The stock...
L&T Hit Hard as IT Contagion Puts LTIMindtree, L&T Tech Services in Trouble
Shares of Larsen & Toubro (L&T) tumbled on April 17 as IT sector companies it owns sold off heavily after Infosys, the country’s second-largest IT...
Tech Mahindra Soars 9% Amid Appointing Mohit Joshi as MD & CEO
Shares of Tech Mahindra surged 9% to Rs 1,159.95 on the BSE in intraday trade on Monday after the company announced the appointment of Mohit...
MSCI Cuts Weightage in HCL Tech; Shares Trade Biggest Losers on Sensex, Nifty
Shares of HCL Technologies fell 3.3% to Rs 1,108.55 on the BSE in intraday trade on Friday, as information technology companies’ weightage in the MSCI...
Tech Mahindra Records PAT of Rs 1,297 Crore in Q3 FY23
On a consolidated basis, the net profit of the IT major hit a high marginally to Rs 1,296.6 crore in the Oct-Dec quarter of FY23...
IT Stocks Fall as Credit Suisse Warns of Valuation-Based Correction
Shares of information technology companies came under selling pressure today after Credit Suisse Securities India warned of further valuation revisions. Valuations for major Indian IT...
LTIMindtree Begins Trading Under New Name, Shares Down 1%
Shares of LTIMindtree, the combined entity of LTI and Mindtree, began trading under the new name today. The stock was quoted at Rs 5,006 on...
Sensex Falls Over 150 Points in Early Trade, Nifty at 18,650
Benchmark stock indexes opened lower on Monday amid mixed global cues. The BSE Sensex traded 183 points or 0.29% lower at 62,685. In contrast, the...
LIC Raises Stake in Tech Mahindra
Life Insurance Corporation of India (LIC) has announced an increase in stake in Tech Mahindra from 4.863 per cent to 6.874 per cent. The company...