Tech Mahindra Faces Significant Stock Decline Amid Broader IT Sector Weakness

Apr 09 2025 10:05 AM IST
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Tech Mahindra has faced a significant decline in its stock price, reflecting a broader downturn in the IT sector. The company is trading below all key moving averages and has experienced substantial losses over the past week and month. Despite these challenges, it continues to offer a high dividend yield.
Tech Mahindra, a prominent player in the IT software industry, has experienced a notable decline of 3.74% on April 9, 2025, closing at an intraday low of Rs 1265.85. This performance reflects a broader trend within the sector, which has seen a decrease of 2.3%. Tech Mahindra's stock has underperformed relative to the sector by 1.25% today.

In terms of moving averages, Tech Mahindra is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Over the past week, the stock has dropped by 10.88%, and its performance over the last month shows a significant decline of 15.13%. Year-to-date, Tech Mahindra has faced a downturn of 25.66%, contrasting with the Sensex, which has decreased by 5.42% during the same period.

Despite these challenges, Tech Mahindra maintains a high dividend yield of 3.27%. The overall market sentiment remains cautious, as the Sensex has also fallen, trading 4.91% away from its 52-week low.
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