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India`s Tech Mahindra aiming for bigger bite of bank tech spends, CEO says  India's Tech Mahindra is stepping up focus on its banking, financial services and insurance (BFSI) business in a bid to bridge the gap with larger peers which have historically made more revenue from the lucrative segment, its CEO said in an interview. Mohit Joshi, who took the helm of India's No.5 software services exporter in December 2023 after more than two decades at Infosys, wants to increase the share of BFSI in Tech Mahindra's revenue mix by up to 25% by March 202...
India`s Tech Mahindra aiming for bigger bite of bank tech spends, CEO says
India`s Tech Mahindra aiming for bigger bite of bank tech spends, CEO says
Source: Reuters
2024-12-20 11:38:51 am
Tech Mahindra rises on bagging Bombardier`s Diamond Supplier Status in Aerospace Engineering Services Tech Mahindra is currently trading at Rs. 1755.40, up by 10.00 points or 0.57% from its previous closing of Rs. 1745.40 on the BSE. The scrip opened at Rs. 1736.80 and has touched a high and low of Rs. 1763.00 and Rs. 1736.80 respectively. So far 17563 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 1767.00 on 25-Nov-2024 and a 52 week low of Rs. 1163.70 on 19-Apr-2024. Last one week high and low of the scrip st...
Tech Mahindra rises on bagging Bombardier`s Diamond Supplier Status in Aerospace Engineering Services
Tech Mahindra rises on bagging Bombardier`s Diamond Supplier Status in Aerospace Engineering Services
Source: Accord Fintech
2024-11-27 12:36:49 pm
Accumulate Tech Mahindra For Target Rs.1,790 By PL Capital Steady growth & another strong quarter of margin expansion… Quick Pointers: * Communications segment reported sequential growth after 5 quarters. * Strong EBIT margin expansion, sustaining the positive momentum established in Q1 TechM reported steady revenue growth & strong margin expansion in Q2FY25. Revenue came at US$1.59 bn, up 0.7% QoQ in CC vs our expectation of flat growth & cons. est. of 0.4% QoQ CC growth. Growth in qtr. was aided by verticals of Hitech...
Accumulate Tech Mahindra For Target Rs.1,790 By PL Capital
Accumulate Tech Mahindra For Target Rs.1,790 By PL Capital
Source: Prabhudas Lilladher Pvt. Ltd
2024-11-24 04:40:00 pm
Buy Tech Mahindra Ltd For Target Rs.1,834 By Choice Broking Ltd Tech Mahindra Ltd. reported Q2FY25 revenues at $1,589mn, growth of 0.7% QoQ and 1.2% YoY in cc terms. In USD terms, revenue was up 1.9% QoQ and 2.2% YoY. In INR terms, revenue stood at INR133bn, up 2.4% QoQ and 3.5% YoY. Growth was broad based across verticals except for Communications industry, where there is weakness. PAT for the quarter came strong at INR12,501mn (+153.1% YoY) driven by high other income (one-off). EPS for the quarter stood at INR14.1. The reported net new deals stood at $...
Buy Tech Mahindra Ltd For Target Rs.1,834 By Choice Broking Ltd
Buy Tech Mahindra Ltd For Target Rs.1,834 By Choice Broking Ltd
Source: Choice Broking Ltd.
2024-11-07 05:02:32 pm
Neutral Tech Mahindra Ltd For Target Rs. 1,700 By Motilal Oswal Financial Services Ltd Transformation on track Continued recovery in margins accompanied by healthy deal wins * Tech Mahindra (TECHM) reported 2QFY25 revenue of USD1.6b, up 0.7% QoQ in constant currency (CC) vs. our estimate of 0.2% QoQ CC. The growth was driven by Retail/Technology (up 5.6%/5.7% sequentially). Communication/BFSI also witnessed growth of 2.7%/2.4% QoQ, while Manufacturing declined 4% QoQ. EBIT margin expanded 110bp QoQ at 9.6%, beating our estimates of 9.0%. Adj. PAT stood at INR12.5b (est. ...
Neutral Tech Mahindra Ltd For Target Rs. 1,700 By Motilal Oswal Financial Services Ltd
Neutral Tech Mahindra Ltd For Target Rs. 1,700 By Motilal Oswal Financial Services Ltd
Source: Motilal Oswal Financial Services
2024-10-31 11:07:27 am
Add Tech Mahindra Ltd For Target Rs. 1,700 By Emkay Global Financial Services Tech Mahindra reported broadly in line operating performance. Revenue grew 1.9% QoQ to USD1.59bn (CC 0.7%), in-line with expectations. Growth was broad-based with 5 of the 7 verticals seeing QoQ increase. EBITM rose by 110bps QoQ to 9.6%, in sync with our estimate. Management indicated that demand environment and discretionary spends remained similar to previous quarter. Deal intake was steady at USD603mn (534mn QoQ). Management continues to prioritize margin over growth in the near term, and...
Add Tech Mahindra Ltd For Target Rs. 1,700 By Emkay Global Financial Services
Add Tech Mahindra Ltd For Target Rs. 1,700 By Emkay Global Financial Services
Source: Emkay Global Financial Services Ltd
2024-10-22 02:30:09 pm
Add Tech Mahindra Ltd For Target Rs. 1,803 By Centrum Broking Ltd Healthy operating performance; margin improvement on track Tech Mahindra reported broadly inline performance for the quarter. It reported revenue of Rs 133.1bn( up 2.4% QoQ in INR terms, up 1.9% QoQ in USD terms). The sequential growth was led by Communication( up 2.7% QoQ), Hitech and Media( up 5.7% QoQ), Retail and Transportation( up 5.6% QoQ); While, Manufacturing( down 4.0% QoQ) and Healthcare (down 1.8% QoQ) had weak performance. In terms of geographical breakup, Americas declined by ...
Add Tech Mahindra Ltd For Target Rs. 1,803 By Centrum Broking Ltd
Add Tech Mahindra Ltd For Target Rs. 1,803 By Centrum Broking Ltd
Source: Centrum Broking Ltd
2024-10-22 10:07:12 am
Tech Mahindra climbs on reporting over 2-fold jump in Q2 consolidated net profit Tech Mahindra is currently trading at Rs. 1722.50, up by 34.50 points or 2.04% from its previous closing of Rs. 1688.00 on the BSE. The scrip opened at Rs. 1749.95 and has touched a high and low of Rs. 1761.30 and Rs. 1721.00 respectively. So far 76141 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 1,761.30 on 21-Oct-2024 and a 52 week low of Rs. 1089.00 on 26-Oct-2023. Last one week high and low of the scrip s...
Tech Mahindra climbs on reporting over 2-fold jump in Q2 consolidated net profit
Tech Mahindra climbs on reporting over 2-fold jump in Q2 consolidated net profit
Source: Accord Fintech
2024-10-21 10:34:15 am
India`s Tech Mahindra beats July-Sept revenue view Indian IT services firm Tech Mahindra on Saturday reported revenue grew more than expected in the three months through September, aided by growth in European and other non-American markets, as well as the banking, financial services, and insurance (BFSI) segment. Revenue rose 3.49% to 133.13 billion rupees ($1.58 billion) for its financial second quarter from the same period last year, beating analysts' average estimate of 131.9 billion rupees, according to data compiled by LSEG. Te...
India`s Tech Mahindra beats July-Sept revenue view
India`s Tech Mahindra beats July-Sept revenue view
Source: Reuters
2024-10-20 11:51:19 am
Tech Mahindra reports 153 pc PAT growth at Rs 1,250 crore in Q2  IT and digital solutions provider Tech Mahindra on Saturday reported consolidated profit after tax (PAT) at Rs 1,250 crore in the quarter ended September 30, up 153.1 per cent year-on-year and 46.8 per cent (on-quarter).  The company posted a revenue of Rs 13,313 crore in the second quarter this fiscal (FY25), up 2.4 per cent on-quarter and 3.5 per cent YoY. Tech Mahindra reported total headcount at the end of the quarter at 154,273, up 6,653 on-quarter and 3,669 YoY Cash ...
Tech Mahindra reports 153 pc PAT growth at Rs 1,250 crore in Q2
Tech Mahindra reports 153 pc PAT growth at Rs 1,250 crore in Q2
Source: IANS
2024-10-19 09:45:43 am
Stock Picks : Tech Mahindra Ltd And State Bank of India Ltd By ICICI Direct Tech Mahindra Ltd Buy Tech Mahindra Ltd @ 1686-1689 Target 1706.00 Stop Loss 1678.40   State Bank of India Ltd Buy State Bank of India Ltd @ 804.50-805.50 Target 813.60 Stop Loss 800.70   Please refer disclaimer at https://secure.icicidirect.com/Content/StaticData/Disclaimer.html SEBI Registration number INZ000183631
Stock Picks : Tech Mahindra Ltd And State Bank of India Ltd By ICICI Direct
Stock Picks : Tech Mahindra Ltd And State Bank of India Ltd By ICICI Direct
Source: ICICI Direct
2024-10-15 11:41:01 am
16 companies pick candidates for over 1,000 jobs at Delhi job fair: IT Ministry Sixteen companies shortlisted candidates against more than 1,000 job openings in their respective companies at a job fair organised by the National Institute of Electronics and Information Technology (NIELIT) here, the IT Ministry informed on Sunday.  Dr Madan Mohan Tripathi, Director General, NIELIT, said that at least 6,000 offer letters have been given in the job fairs organised by NIELIT across the country last year and the number is set to increase this year. “The job fa...
16 companies pick candidates for over 1,000 jobs at Delhi job fair: IT Ministry
16 companies pick candidates for over 1,000 jobs at Delhi job fair: IT Ministry
Source: IANS
2024-09-30 08:43:01 am
Tech Mahindra gains on inking MoU with University of Auckland Tech Mahindra is currently trading at Rs. 1606.40, up by 4.60 points or 0.29% from its previous closing of Rs. 1601.80 on the BSE. The scrip opened at Rs. 1619.80 and has touched a high and low of Rs. 1619.80 and Rs. 1606.40 respectively. So far 12339 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 1671.50 on 17-Sep-2024 and a 52 week low of Rs. 1089.00 on 26-Oct-2023. Last one week high and low of the scrip sto...
Tech Mahindra gains on inking MoU with University of Auckland
Tech Mahindra gains on inking MoU with University of Auckland
Source: Accord Fintech
2024-09-26 10:13:18 am
Tech Mahindra inches up on entering into strategic partnership with Discai Tech Mahindra is currently trading at Rs. 1643.15, up by 1.35 points or 0.08% from its previous closing of Rs. 1641.80 on the BSE. The scrip opened at Rs. 1645.50 and has touched a high and low of Rs. 1650.00 and Rs. 1639.35 respectively. So far 4186 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 1664.15 on 28-Aug-2024 and a 52 week low of Rs. 1089.00 on 26-Oct-2023. Last one week high and low of the scrip stoo...
Tech Mahindra inches up on entering into strategic partnership with Discai
Tech Mahindra inches up on entering into strategic partnership with Discai
Source: Accord Fintech
2024-09-13 10:14:38 am
Stock Picks : Tech Mahindra Ltd And Havells India Ltd By ICICI Direct Tech Mahindra Ltd Buy Tech Mahindra Ltd @ 1605-1608 Target 1624.00 Stop Loss 1598.40   Havells India Ltd Buy Havells India Ltd @ 1960-1964 Target 1984.00 Stop Loss 1951.80   Please refer disclaimer at https://secure.icicidirect.com/Content/StaticData/Disclaimer.html SEBI Registration number INZ000183631
Stock Picks : Tech Mahindra Ltd And Havells India Ltd By ICICI Direct
Stock Picks : Tech Mahindra Ltd And Havells India Ltd By ICICI Direct
Source: ICICI Direct
2024-09-12 10:39:19 am
Tech Mahindra, Google Cloud join hands to boost GenAI adoption  As AI adoption surges among Indian enterprises towards digital transformation, IT major Tech Mahindra and tech giant Google Cloud on Thursday announced a strategic partnership to boost generative AI (gen AI) adoption and lead digital transformation for various entities of Mahindra & Mahindra (M&M).  Tech Mahindra will leverage artificial intelligence (AI) and machine learning (ML) technologies to enhance various aspects of engineering, supply chain, pre-sales, and after-...
Tech Mahindra, Google Cloud join hands to boost GenAI adoption
Tech Mahindra, Google Cloud join hands to boost GenAI adoption
Source: IANS
2024-08-22 12:07:33 pm
Sensex trades higher on positive global cues Indian equity indices opened in the green on Thursday following positive cues from US markets.  At 9.44 a.m., Sensex was up 194 points or 0.24 per cent at 81,099 and Nifty was up 60 points or 0.24 per cent at 24,830. The market trend remains positive. On the National Stock Exchange (NSE), 1,730 shares were in green and 423 shares in the red. In early trade, Buying was being seen in IT and FMCG stocks. The Nifty IT index was up by 0.42 per cent and the Nifty FMCG index was up by ...
Sensex trades higher on positive global cues
Sensex trades higher on positive global cues
Source: IANS
2024-08-22 10:22:10 am
Stock Picks : Tech Mahindra Ltd And Havells India Ltd By ICICI Direct Tech Mahindra Ltd  Buy Tech Mahindra Ltd @ 1528-1531 Target 1547.00 Stop Loss 1520.20   Havells India Ltd  Buy Havells India Ltd @ 1849-1851 Target 1872.00 Stop Loss 1839.80   Please refer disclaimer at https://secure.icicidirect.com/Content/StaticData/Disclaimer.html SEBI Registration number INZ000183631
Stock Picks : Tech Mahindra Ltd And Havells India Ltd By ICICI Direct
Stock Picks : Tech Mahindra Ltd And Havells India Ltd By ICICI Direct
Source: ICICI Direct
2024-08-16 11:13:46 am
Add Tech Mahindra Ltd. For Target Rs. 1,650 By Emkay Global Financial Services In-line performance; delivery execution off to a steady start Tech Mahindra (TechM) reported a broadly in-line operating performance. Revenue inched up 0.7% QoQ to US$1.56bn, largely meeting our estimates. Growth was fairly broad-based, with 5 of the 7 verticals seeing QoQ growth (decline in Communications due to Comviva seasonality). EBITM of 8.5% was also in line with our estimate, with headwinds from Comviva seasonality and higher visa costs offset by benefits accrued from Project Forti...
Add Tech Mahindra Ltd. For Target Rs. 1,650 By Emkay Global Financial Services
Add Tech Mahindra Ltd. For Target Rs. 1,650 By Emkay Global Financial Services
Source: Emkay Global Financial Services Ltd
2024-08-15 03:42:14 pm
Stock Picks : Tech Mahindra Ltd And Bharat Heavy Electrical Ltd By ICICI Direct Tech Mahindra Ltd      Buy Tech Mahindra Ltd @ 1503-1506 Target 1522.00 Stop Loss 1495.20   Bharat Heavy Electrical Ltd     Buy Bharat Heavy Electrical Ltd @ 293-294 Target 291.00 Stop Loss 295.60   Please refer disclaimer at https://secure.icicidirect.com/Content/StaticData/Disclaimer.html SEBI Registration number INZ000183631
Stock Picks : Tech Mahindra Ltd And Bharat Heavy Electrical Ltd By ICICI Direct
Stock Picks : Tech Mahindra Ltd And Bharat Heavy Electrical Ltd By ICICI Direct
Source: ICICI Direct
2024-08-14 10:55:42 am
Sensex trades higher, smallcap and midcap stocks under pressure The Indian equity indices opened higher on Wednesday as smallcap and midcap stocks saw some pressure in the morning trade.  At 9:47 a.m., Sensex was up 154 points or 0.20 per cent at 79,110 and Nifty was up 23 points or 0.10 per cent at 24,162. Selling was seen in the midcap and smallcap stocks. Nifty midcap 100 index is down 167 points or 0.29 per cent at 56,714 and Nifty small 100 index is down 72 points or 0.40 per cent at 18,131. Among the sectoral indices, Auto, IT, PSU Ban...
Sensex trades higher, smallcap and midcap stocks under pressure
Sensex trades higher, smallcap and midcap stocks under pressure
Source: IANS
2024-08-14 10:27:20 am
Tech Mahindra moves up on collaborating with LivePerson Tech Mahindra is currently trading at Rs. 1514.60, up by 11.95 points or 0.80% from its previous closing of Rs. 1502.65 on the BSE. The scrip opened at Rs. 1510.00 and has touched a high and low of Rs. 1521.35 and Rs. 1510.00 respectively. So far 1354 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 1568.90 on 01-Aug-2024 and a 52 week low of Rs. 1089.00 on 26-Oct-2023. Last one week high and low of the scrip sto...
Tech Mahindra moves up on collaborating with LivePerson
Tech Mahindra moves up on collaborating with LivePerson
Source: Accord Fintech
2024-08-14 09:50:59 am
Buy Tech Mahindra Ltd For Target Rs.1,645 By Geojit Financial Services Ltd Operational efficiencies bode profitability Tech Mahindra Ltd develops and markets computer software for telecommunications equipment manufacturers, telecom service providers, software vendors and systems integrators. * In Q1FY25, Tech Mahindra reported a revenue decline of 1.2% YoY to Rs.13,006cr, owing to muted performance across certain segments. * EBITDA reached Rs.1,565cr, up by 16.9% YoY, with margins improving by 180bps YoY to 12.0% due to reduced subcontracting cost...
Buy Tech Mahindra Ltd For Target Rs.1,645 By Geojit Financial Services Ltd
Buy Tech Mahindra Ltd For Target Rs.1,645 By Geojit Financial Services Ltd
Source: Geojit Financial Services Ltd
2024-08-07 12:09:55 pm
Reduce Tech Mahindra Ltd For Target Rs. 1,570 By Choice Broking Ltd Tech Mahindra Ltd. reported Q1FY25 revenues at $1,559mn, growth of 0.7% QoQ and degrowth of 6.4% in cc terms. In USD terms, revenue was up 0.7% QoQ but down 2.6% YoY. In INR terms, revenue stood at INR130bn, up 1.0% QoQ but down 1.2% YoY. Growth was broad based across verticals except for Communications industry, where there were headwinds. PAT for the quarter came at INR8,515mn (+23.0% YoY) with EPS at INR9.6. The reported net new deals stood at $534mn for the quarter and was well diversifie...
Reduce Tech Mahindra Ltd For Target Rs. 1,570 By Choice Broking Ltd
Reduce Tech Mahindra Ltd For Target Rs. 1,570 By Choice Broking Ltd
Source: Choice Broking Ltd
2024-08-05 02:03:28 pm
Neutral Tech Mahindra Ltd For Target Rs. 1,470 By Motilal Oswal Financial Services Light at the end of the tunnel Decent revenue growth in seasonally weak quarter, margin recovery encouraging * Tech Mahindra (TECHM) reported 1QFY25 revenue of USD1.5b, up 0.7% QoQ in CC vs. our estimate of 0.4% QoQ CC. The weakness was primarily due to a continued slowdown in CME (down 2.0% QoQ). Banking and Technology were flat QoQ, while Manufacturing showed continued strength with 2.4% QoQ growth. EBIT margin was up 110bp QoQ at 8.5% (est. 7.7%). TCV stood at USD534m (+6.8% QoQ/+48...
Neutral Tech Mahindra Ltd For Target Rs. 1,470 By Motilal Oswal Financial Services
Neutral Tech Mahindra Ltd For Target Rs. 1,470 By Motilal Oswal Financial Services
Source: Motilal Oswal Financial Services
2024-08-04 05:12:39 pm
Tech Mahindra posts 1.2 pc revenue drop in Q1, PAT up 23 pc at Rs 851 crore Global IT services and consulting provider Tech Mahindra on Thursday reported a 1.2 per cent decrease in revenue for the April-June quarter (year-on-year) at Rs 13,005 crore.  On a quarterly basis, the revenue went up 1 per cent for the IT company. The consolidated PAT was at Rs 851 crore, up 23 per cent (YoY), for Q1 FY25, while EBITDA reached Rs 1,564 crore, up 16.9 per cent YoY. The company reported total headcount at 147,620, down 677 annually, for the June quarter. Tech ...
Tech Mahindra posts 1.2 pc revenue drop in Q1, PAT up 23 pc at Rs 851 crore
Tech Mahindra posts 1.2 pc revenue drop in Q1, PAT up 23 pc at Rs 851 crore
Source: IANS
2024-07-25 06:13:00 pm
Stock of the day : Tech Mahindra Ltd For Target Rs. 1580 - Religare Broking Tech Mahindra Ltd. * We are seeing a decent traction in the IT pack and TECHM is offering a fresh buying opportunity. * It has registered a breakout from the Bullish Flag Pattern with noticeable volumes. * Considering price pattern and uptick is volumes, we expect bullish tone to continue. * Traders can consider fresh longs in the mentioned range.   Buy Tech Mahindra Ltd CMP 1505.05 Range 1500-1508 SL 1470 Target 1580  ...
Stock of the day : Tech Mahindra Ltd For Target Rs. 1580 - Religare Broking
Stock of the day : Tech Mahindra Ltd For Target Rs. 1580 - Religare Broking
Source: Religare Broking
2024-07-15 10:03:51 am
Tech Mahindra, Microsoft join hands to modernise workplace experiences with GenAI Tech Mahindra on Tuesday announced a collaboration with Microsoft to modernise workplace experiences with Copilot for Microsoft 365.  This will benefit their over 1,200 customers and an initial over 10,000 employees across 15 locations. Tech Mahindra will improve workforce efficiency and streamline processes, ushering in a new era of modern workplace experiences by leveraging Microsoft’s Cloud platform and GenAI capabilities. Additionally, the company is deploying GitHub C...
Tech Mahindra, Microsoft join hands to modernise workplace experiences with GenAI
Tech Mahindra, Microsoft join hands to modernise workplace experiences with GenAI
Source: IANS
2024-07-09 01:50:54 pm
Sensex crosses 80,000 for first time, banking stocks lead rally Indian equity indices opened at record high on Wednesday following a rally in the banking stocks. Sensex and Nifty made a new all-time high of 80,039 and 24,292 respectively.  The Broader market remains positive. On the National Stock Exchange (NSE), out of the total, 1573 were in the green and 628 in the red. At 9:47 a.m., Sensex was at 80,008, up 567 points and 0.71 per cent and Nifty was at 24,290, up 164 points or 0.68 per cent. Banking stocks are leading the rally. Nifty Ba...
Sensex crosses 80,000 for first time, banking stocks lead rally
Sensex crosses 80,000 for first time, banking stocks lead rally
Source: IANS
2024-07-03 10:30:00 am
Sensex, Nifty trade higher on positive global cues Indian equity indices opened in the green on Monday following positive global cues. At 9:40 a.m., Sensex was at 79,197, up 165 points or 0.21 per cent and Nifty was at 24,069, up 58 points or 0.22 per cent.  Midcap and smallcap stocks lead the market. The Nifty midcap 100 is up 237 points or 0.43 per cent, at 55,984 and the Nifty smallcap 100 is up 161 points or 0.88 per cent, at 18,478. Among the sectoral indices, Auto, IT, Metal, and Media are major gainers. Realty, PSU Bank and ...
Sensex, Nifty trade higher on positive global cues
Sensex, Nifty trade higher on positive global cues
Source: IANS
2024-07-01 11:42:12 am
Sensex at all-time high as largecap stocks lead Indian equity indices opened in green on Friday following buying in largecap stocks. Sensex and Nifty made a new all-time high of 79,671 and 24,174 respectively.  At 10 a.m., Sensex was at 79,558, up 314 points or 0.40 per cent and Nifty was up 93 points or 0.39 per cent, at 24,137. NTPC, Sun Pharma, Tech Mahindra, Tata Motors, Power Grid, Tata Steel, Nestle, Asian Paints, Infosys, HDFC Bank and JSW Steel are the top gainers. Whereas, UltraTech Cement, Axis Bank, IndusInd Bank, Mar...
Sensex at all-time high as largecap stocks lead
Sensex at all-time high as largecap stocks lead
Source: IANS
2024-06-28 12:18:19 pm
Tech Mahindra surges on entering into strategic partnership with TM Forum Tech Mahindra is currently trading at Rs. 1423.65, up by 30.75 points or 2.21% from its previous closing of Rs. 1392.90 on the BSE. The scrip opened at Rs. 1400.00 and has touched a high and low of Rs. 1440.00 and Rs. 1400.00 respectively. So far 54499 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 1,440.00 on 21-Jan-2024 and a 52 week low of Rs. 1082.55 on 27-Jul-2023. Last one week high and low of the scrip s...
Tech Mahindra surges on entering into strategic partnership with TM Forum
Tech Mahindra surges on entering into strategic partnership with TM Forum
Source: Accord Fintech
2024-06-21 10:00:55 am
Sensex jumps over 1,200 points as India VIX crashes 27 pc Indian equity indices were in the green on Wednesday as India VIX crashed 27 per cent.  At noon, Sensex was up 1,281 points or 1.75 per cent, at 73,360, with an intraday high of 73,851. Nifty was up 392 points or 1.79 per cent at 22,277, with an intraday high of 22,445. India VIX or fear index (which indicates the market volatility) is down over 27 per cent at 19.32. On Tuesday, when markets saw a free fall due to an unexpected election outcome, India VIX jumped nearly 44 per ce...
Sensex jumps over 1,200 points as India VIX crashes 27 pc
Sensex jumps over 1,200 points as India VIX crashes 27 pc
Source: IANS
2024-06-05 12:54:26 pm
Tech Mahindra gains on expanding partnership with Cisco Tech Mahindra is currently trading at Rs. 1258.55, up by 21.85 points or 1.77% from its previous closing of Rs. 1236.70 on the BSE. The scrip opened at Rs. 1260.25 and has touched a high and low of Rs. 1272.00 and Rs. 1237.45 respectively. So far 21209 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 1416.00 on 23-Jan-2024 and a 52 week low of Rs. 1060.20 on 09-Jun-2023. Last one week high and low of the scrip st...
Tech Mahindra gains on expanding partnership with Cisco
Tech Mahindra gains on expanding partnership with Cisco
Source: Accord Fintech
2024-06-05 11:55:23 am
Rajesh Chandiramani appointed as Comviva CEO Customer experience and data monetisation solutions provider Comviva on Monday announced the appointment of Rajesh Chandiramani as its CEO and whole-time director.  Chandiramani replaces Manoranjan ‘Mao’ Mohapatra, who concluded his tenure with the company at the end of May. Following his retirement, Mohapatra will continue to serve on the Comviva Board as a non-executive director, the company said in a statement. “With his extensive experience and visionary le...
Rajesh Chandiramani appointed as Comviva CEO
Rajesh Chandiramani appointed as Comviva CEO
Source: IANS
2024-06-03 01:49:42 pm
Tech Mahindra, Japan's Fuji TV to co-develop content for global entertainment industry Tech Mahindra on Thursday announced a strategic partnership with Japan's leading broadcaster Fuji TV to co-develop and produce content across genres for the global entertainment industry.  The collaboration aims to drive significant growth in rapidly growing content markets such as India, where niche content genres, including Anime and Korean dramas, are gaining popularity. It will combine Fuji TV’s original content with Tech Mahindra's localisation and animation service...
Tech Mahindra, Japan's Fuji TV to co-develop content for global entertainment industry
Tech Mahindra, Japan's Fuji TV to co-develop content for global entertainment industry
Source: IANS
2024-05-23 03:57:10 pm
Tech Mahindra, IBM join hands to help firms accelerate adoption of GenAI Tech Mahindra on Thursday announced that they are collaborating with IBM to help businesses globally responsibly accelerate the adoption of generative artificial intelligence (GenAI). According to the company, Tech Mahindra's suite of AI offerings and solutions can integrate with the IBM watsonx AI and data platform with AI Assistants to bring new GenAI and governance capabilities to enterprises. "Our work with IBM can help advance digital transformation for organisations, adop...
Tech Mahindra, IBM join hands to help firms accelerate adoption of GenAI
Tech Mahindra, IBM join hands to help firms accelerate adoption of GenAI
Source: IANS
2024-05-16 04:14:10 pm
Sensex rises 155 points after positive global cues Indian equity benchmarks surged on Thursday, following positive Asian peers and US CPI data, which rose slightly less than expected in April. At 9:50 a.m., Sensex was up 155 points or 0.21 per cent, at 73,159 points, and Nifty was up 47 points or 0.21 per cent, at 22,243 points. Smallcap and midcap stocks are more bullish than large-cap stocks. The Nifty Midcap 100 index was up 276 points or 0.54 per cent at 50,984 points and the Nifty Smallcap 100 index was at 16,559 points, up 102 poi...
Sensex rises 155 points after positive global cues
Sensex rises 155 points after positive global cues
Source: IANS
2024-05-16 10:44:11 am
Stock Picks : Tech Mahindra Ltd And Jubilant Foodworks Ltd By ICICI Direct Tech Mahindra Ltd Buy Tech Mahindra Ltd @1291-1293 Target 1304.80 Stop Loss 1285.80   Jubilant Foodworks Ltd Buy Jubilant Foodworks Ltd @479-481 Target 486.00 Stop Loss 477.70   Please refer disclaimer at https://secure.icicidirect.com/Content/StaticData/Disclaimer.html SEBI Registration number INZ000183631  
Stock Picks : Tech Mahindra Ltd And Jubilant Foodworks Ltd By ICICI Direct
Stock Picks : Tech Mahindra Ltd And Jubilant Foodworks Ltd By ICICI Direct
Source: ICICI Direct
2024-05-08 09:45:02 am
Sensex down 300 points on selling in heavyweights BSE Sensex fell 300 points on Friday, amid selling in heavyweight stocks. BSE Sensex was trading at 74,310 points, down 300 points. Bharti Airtel is down more than 1 per cent. L&T, Tech Mahindra, Nestle India, Maruti, Infosys were also trading in the red. Bajaj Finance is up more than 4 per cent after RBI lifted restrictions on some of its products. Several sectoral indices including technology, private banks, capital goods, real estate are trading in the red. IT stock Coforge is...
Sensex down 300 points on selling in heavyweights
Sensex down 300 points on selling in heavyweights
Source: IANS
2024-05-03 12:55:04 pm
Tech Mahindra zooms despite reporting 41% fall in Q4 consolidated net profit Tech Mahindra is currently trading at Rs. 1291.25, up by 101.15 points or 8.50% from its previous closing of Rs. 1190.10 on the BSE. The scrip opened at Rs. 1245.30 and has touched a high and low of Rs. 1344.95 and Rs. 1242.40 respectively. So far 610437 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 1416.00 on 23-Jan-2024 and a 52 week low of Rs. 982.95 on 28-Apr-2023. Last one week high and low of the scrip s...
Tech Mahindra zooms despite reporting 41% fall in Q4 consolidated net profit
Tech Mahindra zooms despite reporting 41% fall in Q4 consolidated net profit
Source: Accord Fintech
2024-04-26 12:09:23 pm
Add Tech Mahindra Ltd For Target Rs.1,450 - Emkay Global TechM reported an improved revenue performance in Q3, with 1.1% QoQ in cc, aided by 140bps in a one-off product revenue and Comviva/Retail seasonality. Reported EBITM expanded by 70bps QoQ to 5.4% (adj. EBITM: 7%), as TechM continued with its portfolio rationalization. Management highlighted that while the overall demand environment is slightly more positive compared with the last six months, it is too early for any green shoots. The new CEO is currently in the process of defining his long-te...
Add Tech Mahindra Ltd For Target Rs.1,450 - Emkay Global
Add Tech Mahindra Ltd For Target Rs.1,450 - Emkay Global
Source: Emkay Global
2024-04-26 11:54:09 am
India's Tech Mahindra misses Q4 revenue estimates, unveils three-year turnaround plan Tech Mahindra, India's fifth-largest software company, reported fourth-quarter revenue below analysts' estimates on Thursday and unveiled a three-year turnaround plan. Consolidated revenue fell 6.2% year-on-year to 128.71 billion rupees ($1.55 billion) in the January-March quarter. Analysts, on average, expected revenue of 129.55 billion rupees, as per LSEG data. The communications and media segment, which contributes to a third of its overall revenue, saw a 16.5% decline. Th...
India's Tech Mahindra misses Q4 revenue estimates, unveils three-year turnaround plan
India's Tech Mahindra misses Q4 revenue estimates, unveils three-year turnaround plan
Source: Reuters
2024-04-26 09:32:29 am
India's Tech Mahindra posts Q4 revenue miss Tech Mahindra, India's fifth-largest software company, reported fourth-quarter revenue below analysts' estimates on Thursday due to weakness in the communications and media vertical as macro headwinds weighed on overall demand. Consolidated revenue fell 6.2% year-on-year to 128.71 billion rupees ($1.55 billion) in the March quarter. Analysts, on average, expected revenue of 129.55 billion rupees, as per LSEG data. ($1 = 83.3028 Indian rupees)
India's Tech Mahindra posts Q4 revenue miss
India's Tech Mahindra posts Q4 revenue miss
Source: Reuters
2024-04-25 04:11:26 pm
More than 74 pc stocks decline in negative market breadth The market breadth is extremely negative on Monday with more than 74 per cent of the stocks declining. Only 22 per cent of the stocks are advancing. As many as 2924 stocks are declining while only 886 are advancing. While the Sensex is down more than 500 points, the extent of the fall in the broader markets is far more accentuated as the advance-decline ratio suggests. While the benchmark Sensex is down 0.7 per cent, the BSE IPO index is down sharply by 1.77 per cent. Similarly, t...
More than 74 pc stocks decline in negative market breadth
More than 74 pc stocks decline in negative market breadth
Source: IANS
2024-04-15 01:46:44 pm
Neutral Tech Mahindra Ltd For Target Rs.1,435 By Yes Securities Result Synopsis Tech Mahindra (TECHM) reported muted financial performance for the quarter. The sequential revenue growth and EBIT margin were inline with expectation. Revenue increased by 1.1% QoQ in cc terms. (up 1.8% QoQ in INR terms, up 1.1% QoQ in USD terms), led by Manufacturing segment (up 3.4% QoQ). There was sequential improvement in EBIT margin (up 65 bps QoQ) on lower cost of services. Employee attrition continues to moderate as LTM attrition was down ~1 percentage points QoQ to...
Neutral Tech Mahindra Ltd For Target Rs.1,435 By Yes Securities
Neutral Tech Mahindra Ltd For Target Rs.1,435 By Yes Securities
Source: Yes Securities Ltd.
2024-04-05 11:46:35 am
Neutral Tech Mahindra Ltd For Target Rs.1360 By Motilal Oswal Financial Services Clarity on business investment impact in April  -      Tech Mahindra (TECHM) reported 3QFY24 revenue of USD1.57b, up 1.1% QoQ in CC terms. Adjusting for a one-time product-related revenue gain of 140bp, 3Q growth came 80bp ahead of our expectation. CME remains a weak area, declining marginally despite a low base. Enterprise growth was mixed, with Manufacturing and Retail doing well, while BFSI and Technology declined. -    ...
Neutral Tech Mahindra Ltd For Target Rs.1360 By Motilal Oswal Financial Services
Neutral Tech Mahindra Ltd For Target Rs.1360 By Motilal Oswal Financial Services
Source: Motilal Oswal Financial Services Ltd
2024-04-03 11:38:11 am
Tech Mahindra gains on the BSE Tech Mahindra is currently trading at Rs. 1256.00, up by 2.20 points or 0.18% from its previous closing of Rs. 1253.80 on the BSE. The scrip opened at Rs. 1259.95 and has touched a high and low of Rs. 1262.30 and Rs. 1250.10 respectively. So far 6100 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 1416.00 on 23-Jan-2024 and a 52 week low of Rs. 982.95 on 28-Apr-2023. Last one week high and low of the scrip stood...
Tech Mahindra gains on the BSE
Tech Mahindra gains on the BSE
Source: Accord Fintech
2024-03-27 10:34:10 am