Tech Mahindra's Stock Rebounds Amid Broader IT Sector Gains and Market Rally

May 12 2025 10:00 AM IST
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Tech Mahindra experienced a notable uptick on May 12, 2025, reversing a two-day decline and reaching an intraday high. The stock is currently above several short-term moving averages, while the broader IT - Software sector and Sensex also posted gains, highlighting Tech Mahindra's relative strength in the market.
Tech Mahindra has shown notable activity today, gaining 3.05% on May 12, 2025. This performance marks a trend reversal after two consecutive days of decline. The stock reached an intraday high of Rs 1534, reflecting a 2.79% increase during the trading session.

In terms of moving averages, Tech Mahindra's stock is currently above its 5-day, 20-day, and 50-day moving averages, although it remains below the 100-day and 200-day moving averages. This indicates a mixed performance in the short to medium term.

In the broader market context, the IT - Software sector has also seen gains, rising by 2.71%. The Sensex has experienced a significant increase, climbing 941.71 points to reach 81,745.51, which is a 2.88% rise. Notably, Tech Mahindra's one-day performance outpaced the Sensex, which highlights its relative strength in the current market environment.

Over the past month, Tech Mahindra has delivered a robust performance, with a 19.90% increase compared to the Sensex's 8.77%. However, its year-to-date performance shows a decline of 9.79%, contrasting with the Sensex's gain of 4.62%.
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