Tech Mahindra Stock Rises 0.38% After Five Days of Decline
Tech Mahindra has experienced a trend reversal after five days of decline, maintaining its opening price of Rs 1410.55. Despite a slight gain today, the stock has seen a year-over-year decline of 12.03% and a year-to-date drop of 17.16%, underperforming the Sensex. The company has a market capitalization of Rs 1,38,397.46 crore and a P/E ratio of 30.37, along with a dividend yield of 3.19%.
Tech Mahindra, a prominent player in the Computers - Software & Consulting industry, has shown notable activity today, marking a trend reversal after five consecutive days of decline. The stock opened at Rs 1410.55 and has maintained this price throughout the trading session. Despite today's slight gain of 0.38%, Tech Mahindra's performance over the past year reflects a decline of 12.03%, contrasting with the Sensex's decrease of 5.95%. Over the past week, the stock has dropped by 6.07%, while the Sensex fell by only 2.04%. Additionally, the stock's year-to-date performance stands at -17.16%, significantly underperforming the Sensex, which has gained 3.00% during the same period.
Tech Mahindra's market capitalization is Rs 1,38,397.46 crore, categorizing it as a large-cap stock. The company currently has a P/E ratio of 30.37, which is above the industry average of 26.67. Notably, the stock offers a high dividend yield of 3.19%, providing some return to shareholders amidst the recent volatility.
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