Tech Mahindra Ltd spurts 3.35%, up for third straight session

Tech Mahindra Ltd rose for a third straight session today. The stock is quoting at Rs 1455.2, up 3.35% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 0.85% on the day, quoting at 25912.35. The Sensex is at 84598.03, up 0.87%. Tech Mahindra Ltd has added around 0.3% in last one month.

Meanwhile, Nifty IT index of which Tech Mahindra Ltd is a constituent, has added around 4.31% in last one month and is currently quoting at 36116.9, up 2.04% on the day. The volume in the stock stood at 22.3 lakh shares today, compared to the daily average of 17.2 lakh shares in last one month.

The benchmark November futures contract for the stock is quoting at Rs 1461.6, up 3.29% on the day. Tech Mahindra Ltd is down 13.15% in last one year as compared to a 9.99% gain in NIFTY and a 13.02% gain in the Nifty IT index.

The PE of the stock is 35.19 based on TTM earnings ending September 25.

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