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.
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:
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:
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.