Tech Mahindra claims to have doubled investments for business opportunities in manufacturing, banking, financial services and insurance sector, specifically to Sweden.
Tech Mahindra shares trading lower ahead of Q4 earnings, here s what to expect
The IT major is likely to post a 2-3 percent sequential growth in dollar revenue in the fourth quarter of the financial year 2020-21 (Q4FY21)
BusinessToday.In | April 26, 2021 | Updated 12:04 IST
Tech Mahindra share was trading lower ahead of its March quarter earnings to be announced on Monday. The stock hit an intraday low of Rs 936.85. The IT major is likely to post a 2-3 percent sequential growth in dollar revenue in the fourth quarter of the financial year 2020-21 (Q4FY21). Tech Mahindra is expected to witness 3.0 percent QoQ growth in dollar revenues led by healthy traction in communication & enterprise segment and cross-currency tailwind. The rupee revenues are expected to grow 1.8 percent QoQ, said ICICI Direct.
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Yogesh Mehta, Founder, Yield Maximisers, picks out this three favourite IT stocks: Tech Mahindra, Infosys and TCS, in that order. In this interview, he says
TCS is a strong contender as a portfolio stock if the price corrects to Rs 2,800-2,900. Edited excepts.
Do you believe that the undertone of the market continues to remain quite negative and it will take time to recoup losses? Or do you believe that we are likely to bounce back the way it was evidenced in trade today?
The threat from increasing number of new cases has created panic in India, especially wherein globally there is no panic at all. Domestically, there is no further negative news flows as far as RBI or economy or earnings are concerned. So all these are positive factors. Second wave is the only external negative factor which fearfully worked across the traders community, leading to the landslide fall.
Why Tech Mahindra shares rose over 2% today
Tech Mahindra share price rose as much as 2.35 per cent to hit intraday high of Rs 1027.50 after the company received its board approval for acquisition of 70 per cent stake in BPO services firm Perigord Asset Holdings
BusinessToday.In | March 15, 2021 | Updated 14:30 IST
Tech Mahindra to acquire 70% stake in Perigord Asset Holdings
Tech Mahindra share price gained over 2 per cent in intraday trade on BSE on Monday, in an otherwise weak broader market, after the company received its board approval for acquisition of majority stake in Perigord Asset Holdings Limited. In contrast, the BSE Sensex was trading 764 points or 1.51 per cent lower at 50,027.