“One has to really find out what the forward guidance from Tech Mahindra is likely to be, provided they tell us in no uncertain terms what the situation is going to be. I would rather wait out the sessions for the next few days to really look at the stock again.”
In the intraday session, Tech Mahindra fell 4.6 per cent to Rs 1,089 on BSE. At the time of writing, Tech Mahindra shares were trading around 3 per cent lower at Rs 1,108.80.
In the last 12 months, Tech Mahindra had one of the highest dividend yields on the Street at 4.38% after paying a dividend of Rs 50 per share in the same period. The said interim dividend will be paid on November 21, 2023, to the equity shareholders of the company whose names appear on the register of members of the company or in the records of depositories as beneficial owners of the shares as of the record date.
India Business News: Tech Mahindra, an IT company, has reported a 61% decline in net profit for the July-September quarter due to reduced client spending. The company's co