Tech Mahindra Ltd spurts 3.68%

Tech Mahindra Ltd is up for a third straight session in a row. The stock is quoting at Rs 1633.2, up 3.68% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 1.69% on the day, quoting at 23005.5. The Sensex is at 74164.05, up 1.9%. Tech Mahindra Ltd has risen around 4.83% in last one month.

Meanwhile, Nifty IT index of which Tech Mahindra Ltd is a constituent, has risen around 5.94% in last one month and is currently quoting at 30171, up 2.14% on the day. The volume in the stock stood at 59.37 lakh shares today, compared to the daily average of 22.27 lakh shares in last one month.

The benchmark October futures contract for the stock is quoting at Rs 1620.6, up 3.12% on the day. Tech Mahindra Ltd is up 11.57% in last one year as compared to a 10.08% drop in NIFTY and a 13.27% drop in the Nifty IT index.

The PE of the stock is 38.67 based on TTM earnings ending June 26.

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