Tech Mahindra Ltd has lost 4.12 per cent over August compared with a 9.17 per cent fall in the S&P BSE IT Sector index and a 1.17 per cent drop in the SENSEX.

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On Friday, Tech Mahindra Ltd fell 2.19 per cent to trade at Rs 1058.7. The S&P BSE, IT Sector index, fell 1.22 per cent to quote at 27925.86. In August, the index was down 9.17  per cent. Some other stocks named 63 Moons Technologies Ltd decreased 2.07 per cent, and Tanla Platforms Ltd lost 1.79 per cent. The S&P BSE, IT Sector index, went down 20.42  per cent compared with 2021 to the 0.7 per cent surge in benchmark SENSEX.

On the Bombay Stock Exchange (BSE), 23803 shares were traded compared with daily average volumes of 1.96 lakh shares in August month. On 30 December 2021, the company’s stock hit a record high of Rs 1837.75. Also, on 17 June 2022, the company’s stock hit a 52-week low of Rs 944.1.