Tech Mahindra surges on reporting over three fold jump in Q3 consolidated net profit

05 Feb 2014

Tech Mahindra is currently trading at Rs. 1840.50, up by 71.00 points or 4.01% from its previous closing of Rs. 1769.50 on the BSE.

The scrip opened at Rs. 1821.35 and has touched a high and low of Rs. 1849.00 and Rs. 1815.00 respectively. So far 134563 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1906.00 on 14-Jan-2014 and a 52 week low of Rs. 895.25 on 21-May-2013.

Last one week high and low of the scrip stood at Rs. 1849.00 and Rs. 1690.00 respectively. The current market cap of the company is Rs. 42917.27 crore.

The promoters holding in the company stood at 36.34 % while Institutions and Non-Institutions held 49.50 % and 14.15 % respectively.

Tech Mahindra has reported results for third quarter ended December 31, 2013.

The company has reported over four fold jump in its net profit at Rs 924.65 crore for the quarter as compared to Rs 189.09 crore for the same quarter in the previous year. Total income of the company has increased by 175% at Rs 4180.57 crore for quarter under review as compared to Rs 1518.97 crore for the quarter ended December 31, 2012.

On the consolidated basis, the group has reported over three fold jump in its net profit at Rs 1009.82 crore for the quarter ended December 31, 2013 as compared to Rs 275.75 crore for the same quarter in the previous year. Total income of the group has increased by 166.46% at Rs 4852.85 crore for quarter under review as compared to Rs 1821.20 crore for the quarter ended December 31, 2012.

Related Tech Mahindra Ltd. Links:

Tech Mahindra Share Price

988.30 19.75 (2.04%) Mar 09, 16:47
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Company Name CMP
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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323

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