Tech Mahindra spurts on reporting close to four folds jump in Q1 net profit

12 Aug 2013

Tech Mahindra is currently trading at Rs 1260.00, up by 15.45 points or 1.24% from its previous closing of Rs 1244.55 on the BSE.

The scrip opened at Rs. 1247.00 and has touched a high and low of Rs. 1291.80 and Rs. 1245.00 respectively. So far 223219 shares were traded on the counter.

The BSE group 'A' stock of face value Rs 10 has touched a 52 week high of Rs 1276.00 on 05-Aug-2013 and a 52 week low of Rs 756.00 on 09-Aug-2012.

Last one week high and low of the scrip stood at Rs 1276.00 and Rs 1202.70 respectively. The current market cap of the company is Rs 29482.93 crore.

The promoters holding in the company stood at 47.17% while Institutions and Non-Institutions held 42.62% and 10.22% respectively.

Tech Mahindra has reported over three and a half fold jump in its net profit after tax at Rs 598.87 crore for the first quarter ended June 30, 2013 as compared to Rs 167.50 crore for the same quarter in the previous year. Total income from operation of the company has increased by 137.65% at Rs 3552.88 crore for quarter under review as compared to Rs 1495.00 crore for the quarter ended June 30, 2012.

Tech Mahindra is a leading provider of solutions and services to the telecommunications industry with a majority stake owned by Mahindra & Mahindra

Related Tech Mahindra Ltd. Links:

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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323