On National Stock Exchange (NSE), Tech Mahindra Ltd is quoting at Rs 1,038.7 went down 3.3%. The stock tumbled 35.19% in 2021 compared to a 5.59% rally in Nifty and an 18.67% decline in the Nifty FMCG index.

• Lupin Shares Gain 1% as Unit Receives EIR Status from USFDA
• Glenmark Unit Signs Exclusive NSCLC Drug Pact with Hansoh Pharma; Shares Drop 1%
• NBCC India Bags Rs 345-Crore Orders from IIT Mandi, Kandla SEZ; Shares Down 1%
• Ahluwalia Contracts Wins Rs 888-Crore Bihar Tourism Order for Ram Temple; Shares Rally 4%
• Suzlon Wins 306 MW Wind Order in Rajasthan; Shares Trade Flat

On December 9, Tech Mahindra Ltd is down for a fifth straight session. The stock dropped 3.3%. The benchmark Nifty fell around 0.64% on the day, at 18,490.6. The Sensex is at 62,131.96, down 0.7%. Tech Mahindra Ltd added around 1.72% in November. Meanwhile, the Nifty FMCG index of Tech Mahindra Ltd increased about 2.54% in November and is down 2.94% today. The volume in the stock stood at 21.1 lakh shares on December 9 compared to the daily average of 23.44 lakh shares in November.

In the December futures contract, the benchmark for the stock is quoted at Rs 1,043.4, down 3.64%. Tech Mahindra Ltd slipped 35.19% in 2021 compared to a 5.59% rally in Nifty and an 18.67% fall in the Nifty FMCG index. As of September 22, the PE of the stock is 23.7 based on TTM earnings.