Tech Mahindra share price Today Live Updates: आज ₹1,138.25 प्रति शेयर

Tech Mahindra share price Today Live Updates: आज ₹1,138.25 प्रति शेयर

Tech Mahindra share price Today Live Updates:

ech Mahindra closed today at Rs. 1138.25, up 1.27% from yesterday's Rs. 1124. The company reported a 9.5% increase in consolidated net profit for the second quarter of the fiscal year 2023-24.

  • Technology
  • 110
  • 13, Nov, 2023
Jivika Chawla
Jivika Chawla
  • @JivikaChawla

Tech Mahindra is a leading Indian multinational information technology (IT) services and consulting company. It is a subsidiary of the Mahindra Group, one of the largest conglomerates in India. Tech Mahindra provides services to clients in over 90 countries, with a focus on the following key industries:

  • Communications
  • Banking, financial services, and insurance (BFSI)
  • Manufacturing
  • Retail and consumer packaged goods (CPG)
  • Healthcare
  • Media and entertainment
  • Travel and hospitality

Tech Mahindra is a listed company on the National Stock Exchange of India (NSE) and the Bombay Stock Exchange (BSE). Its share price is one of the most closely watched indicators of the performance of the Indian IT sector.

Factors Affecting Tech Mahindra Share Price

A number of factors can affect the share price of Tech Mahindra, including:

  • Financial performance: as reflected in its quarterly and annual results, Tech Mahindra's financial performance is a key driver of its share price. Investors look at metrics such as revenue growth, profit margins, and earnings per share to assess the company's financial health and prospects.
  • Industry trends: The overall performance of the Indian IT sector can also have a significant impact on the share price of Tech Mahindra. If the sector is growing strongly, investors are likely to be more bullish on Tech Mahindra shares. Conversely, this could weigh on Tech Mahindra's share price if the sector is facing challenges.
  • Global economic conditions: Global economic conditions can also affect Tech Mahindra's share price. If the global economy is growing strongly, this is likely to benefit Tech Mahindra, as it will lead to increased demand for IT services from its clients. However, a global economic slowdown could hurt Tech Mahindra's business and share price.
  • News and events: News and events related to Tech Mahindra, such as new contract wins, acquisitions, or partnerships, can also have a short-term impact on the company's share price.

Tech Mahindra Share Price Today Live Updates

As of November 13, 2023, 9:34 AM IST, Tech Mahindra's share price is ₹1,138.25 on the NSE. This is up 1.27% from the previous day's closing price of ₹1,124.

Tech Mahindra Share Price Trend

Tech Mahindra's share price has been on a downward trend in recent months. Over the past year, the stock has fallen by 7.88%. However, over the past three years, the stock has gained 35.45%.

Is Tech Mahindra a Good Stock to Buy Today?

Whether or not Tech Mahindra is a good stock to buy today depends on your individual investment goals and risk tolerance.

If you are looking for a long-term investment in the Indian IT sector, Tech Mahindra could be a good option. The company has a strong track record of financial performance and a diversified business model. It is also well-positioned to benefit from the growth of the digital economy in India and around the world.

However, it is important to note that Tech Mahindra's share price is volatile and can be affected by a number of factors, including the overall performance of the Indian IT sector, global economic conditions, and news and events related to the company.

If you are a risk-averse investor, you may want to consider investing in a more diversified portfolio of stocks, including stocks from other sectors.

Jivika Chawla

Jivika Chawla

  • @JivikaChawla