TechM

Today NSE Top Gainers and Top Loser, 9 Sept: Tech Mahindra rose by 3.4 percent, UltraTech cement falls by 1.97 percent. Read this detailed report on gainers and losers in National Stock Exchange

The Mahindra Group stocks, barring Tech Mahindra, have outperformed the benchmark indices considerably so far in 2022, and look fairly strong on the charts poised for more gains ahead.

Watch out for these key levels on SBI and Bank of Baroda, while Tech Mahindra and DMart can be avoided for now.

Tech Mahindra and Wipro have tumbled over 30 per cent, while Apollo Hospitals Enterprise and Dr. Reddy's Laboratories have plummeted 22 per cent so far in calendar year 2022 (CY22)

Airtel and Tech Mahindra will also offer cloud and Content Delivery Network (CDN) solutions to businesses

Despite the current corrective phase in IT sector, the overall positive bias seems to be intact for these IT stocks as they hold crucial support levels

After facing resistance at the 100-day moving average (DMA), placed at Rs 925, L&T has now managed to conquer the level decisively.

The Pune-headquartered firm was responding to a specific query after a video surfaced where a person was seen arguing with Tech Mahindra employees regarding the safety of staff

At the bourses, Tech Mahindra has performed better than the benchmark S&P BSE Sensex. The stock has gained a little over 1 per cent during Q2FY20 as against nearly 2 per cent rise in the Sensex

Mahindra Group Chairman Anand Mahindra said the company is investigating the matter and 'will ascertain the facts and see that the outcome is fair and just'