Tech Mahindra Ltd down for fifth straight session

Tech Mahindra Ltd is down for a fifth straight session today. The stock is quoting at Rs 1343.2, down 6.78% on the day as on 13:19 IST on the NSE. The benchmark NIFTY is down around 1.13% on the day, quoting at 25422.6. The Sensex is at 82225.5, down 1.28%.Tech Mahindra Ltd has lost around 23.03% in last one month.Meanwhile, Nifty IT index of which Tech Mahindra Ltd is a constituent, has eased around 22.3% in last one month and is currently quoting at 31550.5, down 5.03% on the day. The volume in the stock stood at 42.06 lakh shares today, compared to the daily average of 23.51 lakh shares in last one month.

The benchmark February futures contract for the stock is quoting at Rs 1343.7, down 7.04% on the day. Tech Mahindra Ltd tumbled 15.73% in last one year as compared to a 12.75% rally in NIFTY and a 23.43% fall in the Nifty IT index.

The PE of the stock is 33.61 based on TTM earnings ending December 25.

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