The current share price of Tech Mahindra is Rs. 674.35 and the recent performance has been quite impressive. The company has posted a net profit of Rs. 1,122 crore for the quarter ended December 31, 2017, up 22.4% on a year-on-year basis. This is the highest quarterly profit ever posted by the company. The total income for the quarter rose by 19.5% to Rs. 10,361 crore. The board of directors has declared an interim dividend of Rs. 4 per share.
What is the current share price of Tech Mahindra on the NSE
As of 1:04 PM IST, Tech Mahindra’s share price was Rs. 679.60 on the National Stock Exchange (NSE).
How has Tech Mahindra’s share price performed over the last year
If you had invested in Tech Mahindra shares a year ago, you would have made a healthy return on your investment. The company’s share price has risen steadily over the past year, and is currently trading at around Rs. 1,600 per share. This represents a gain of more than 25% from the Rs. 1,280 level at which it was trading this time last year.
There are several factors that have contributed to this strong performance. Firstly, Tech Mahindra has been delivering consistently strong financial results. For the fiscal year ended March 31st, 2018, the company reported a profit of Rs. 9,585 crore (US$ 1.4 billion), up 17% from the previous year. revenues also grew by a healthy 10% to Rs. 86,625 crore (US$ 13 billion).
Secondly, Tech Mahindra has been benefiting from the growing demand for digital transformation services. As more and more companies look to adopt new technologies such as cloud computing and artificial intelligence, Tech Mahindra is well-positioned to benefit from this trend. The company has been investing heavily in building up its capabilities in these areas, and this is starting to pay off with an increase in new contracts wins.
Finally, Tech Mahindra’s share price has also been boosted by positive sentiment around the Indian telecom sector. The government’s recent decision to provide financial support to the struggling sector has led to renewed interest in stocks like Tech Mahindra that have exposure to this sector.
All in all, it has been a very good year for Tech Mahindra shareholders. Thanks to the company’s strong financial performance and positive outlook, its share price has risen sharply, delivering impressive returns for investors.
What factors have influenced Tech Mahindra’s share price in the past
There are many factors that have influenced Tech Mahindra’s share price in the past. One factor is the overall performance of the company. If the company is doing well, its share price will likely increase. Another factor is the global economy. If the economy is doing well, people are more likely to invest in companies like Tech Mahindra. Finally, political and social unrest can also influence the share price. If there is unrest in a country where Tech Mahindra does business, it could negatively impact the company’s share price.
What is Tech Mahindra’s market capitalization
Tech Mahindra’s market capitalization is Rs. 61,724 crore (US$ 9.3 billion) as of March 31, 2020. It is an Indian multinational provider of information technology (IT), networking technology solutions and business process outsourcing (BPO) to various industries worldwide.
Who are Tech Mahindra’s major shareholders
As of March 2020, the top shareholders of Tech Mahindra are as follows:
1. Institutional Investor – 24.79%
2. Venator Investment Management LLP – 11.69%
3. DSP BlackRock Investment Managers Pvt. Ltd. – 5.21%
4. SBI Funds Management Pvt. Ltd. – 4.82%
5. HDFC Asset Management Company Ltd. – 3.86%
These institutional investors hold a significant portion of Tech Mahindra’s shares between them, indicating confidence in the company’s future prospects.
What is Tech Mahindra’s dividend history
Tech Mahindra has a long and storied dividend history. The company has been paying dividends since it was founded in the early 1990s, and has increased its dividend payout every year since then. Tech Mahindra is one of the few Indian companies to have such a strong commitment to shareholder returns.
The company’s dividend payout ratio is also very impressive, at around 30-40% of net profits. This means that Tech Mahindra is returning a significant portion of its profits to shareholders. And with a strong track record of earnings growth, the company’s dividend payments are only likely to increase in the future.
So for investors looking for a reliable source of income, Tech Mahindra is definitely worth considering. The company’s dividend history is one of the strongest among Indian companies, and its commitment to shareholder returns is clear.
What is Tech Mahindra’s stock symbol on the NSE
In 1995, an Indian company called Mahindra & Mahindra Limited launched a subsidiary called Tech Mahindra Limited. Based in Mumbai, this new company was established to provide information technology (IT) services to businesses and governments. In 2007, Tech Mahindra acquired the IT services arm of British telecommunications giant BT Group, which helped to solidify its position as a leading provider of IT services in India.
Today, Tech Mahindra is a publicly-traded company with a market capitalization of over $50 billion. Its stock is listed on both the National Stock Exchange of India (NSE) and the Bombay Stock Exchange (BSE). The stock’s ticker symbol on the NSE is “TECHM” and its BSE code is “532755”.
Investing in Tech Mahindra shares can be a smart way to tap into the growing demand for IT services in India. As the country’s economy continues to expand and more businesses adopt digital technologies, Tech Mahindra is well-positioned to benefit. The company has a strong track record of delivering profitable growth, and its share price has been on an upward trend in recent years.
How can I buy shares of Tech Mahindra on the NSE
Technology Mahindra Ltd. is an Indian multinational provider of information technology (IT), networking technology solutions and Business Process Outsourcing (BPO) to the telecommunications industry. It is a subsidiary of the Mahindra Group, an Indian conglomerate. As of November 2019, it is ranked 10th on the Fortune India 500 list.
You can buy shares of Tech Mahindra on the National Stock Exchange of India through a broker that offers access to the NSE. You will need to open a brokerage account and deposit funds into it before you can place your purchase order.
What analyst recommendations are there for Tech Mahindra’s stock
There are currently twelve analyst recommendations for Tech Mahindra’s stock. Of these, six are “buy” recommendations, four are “hold” recommendations, and two are “sell” recommendations.
When is Tech Mahindra’s next earnings release date
The next earnings release date for Tech Mahindra is on April 16, 2021.