Tech Mahindra Faces Decline Amid Broader IT Sector Weakness and Cautious Market Sentiment

Mar 12 2025 11:05 AM IST
share
Share Via
Tech Mahindra has faced a significant decline, with its stock trading below multiple moving averages, indicating a bearish trend. The broader IT software sector mirrors this downturn. Overall market sentiment remains cautious, as the Sensex also experiences a downturn, approaching its 52-week low.
Tech Mahindra, a prominent player in the IT software sector, has experienced a notable decline of 3.26% on March 12, 2025. The stock reached an intraday low of Rs 1438, reflecting a drop of 3.16%. This performance aligns closely with the broader IT software industry, which has seen a decrease of 3.17% today.

In terms of moving averages, Tech Mahindra is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day averages, indicating a bearish trend. Over the past week, the stock has declined by 6.74%, while its performance over the past month shows a significant drop of 14.25%. In contrast, the Sensex has only fallen by 3.07% during the same period.

The overall market sentiment has been cautious, with the Sensex reversing sharply after a positive opening, currently trading at 73,850.40, down 0.34%. The index is also nearing its 52-week low, trading below its 50-day moving average, which is a concerning indicator for market participants.
{{stockdata.stock.stock_name.value}} Live

{{stockdata.stock.price.value}} {{stockdata.stock.price_difference.value}} ({{stockdata.stock.price_percentage.value}}%)

{{stockdata.stock.date.value}} | BSE+NSE Vol: {{stockdata.index_name}} Vol: {{stockdata.stock.bse_nse_vol.value}} ({{stockdata.stock.bse_nse_vol_per.value}}%)


Our weekly and monthly stock recommendations are here
Loading...
{{!sm.blur ? sm.comp_name : ''}}
Industry
{{sm.old_ind_name }}
Market Cap
{{sm.mcapsizerank }}
Date of Entry
{{sm.date }}
Entry Price
Target Price
{{sm.target_price }} ({{sm.performance_target }}%)
Holding Duration
{{sm.target_duration }}
Last 1 Year Return
{{sm.performance_1y}}%
{{sm.comp_name}} price as on {{sm.todays_date}}
{{sm.price_as_on}} ({{sm.performance}}%)
Industry
{{sm.old_ind_name}}
Market Cap
{{sm.mcapsizerank}}
Date of Entry
{{sm.date}}
Entry Price
{{sm.opening_price}}
Last 1 Year Return
{{sm.performance_1y}}%
Related News