Page 6 - Tech Mahindra

Tech Mahindra to acquire Beris Consulting for around Rs 60 crore

IT company Tech Mahindra will acquire IT consultancy service provider Beris Consulting Gmbh for 7 million euros or about Rs 60 cr through its German subsidiary, the company said in a regulatory filing

IT stocks rally on Accenture's FY22 guidance; Infosys, Wipro at new highs

The Nifty IT index surged over 2 per cent in early trade on Friday as against a 0.48 per cent rise in the benchmark Nifty50 index

From Mindtree to Tech Mahindra, IT tops sectoral charts in August

Mindtree is the top performer among IT firms for the month with returns of 27.2 per cent, followed by Nelco and Tech Mahindra

BSE IT index surges 12% in 4 weeks; KPIT, Tech Mahindra rally over 25%

In the past four weeks, the BSE IT index has outperformed the market by surging 12 per cent, as compared to a 6.4 per cent rise in the S&P BSE Sensex

Tech Mahindra extends gains post June quarter results; stock hits new high

In the past one month, Tech Mahindra has outperformed the market by surging 25 per cent, as compared to 4.4 per cent rise in the S&P BSE Sensex

Brokerages upgrade Tech Mahindra on Q1 show, double-digit growth outlook

Inexpensive valuations provide support to the stock

Sensex gyrates 376 pts, ends 66 pts down; Sun Pharma zooms 10%, Tech M 7%

Domestic equities witnessed sharp profit booking in the fag end of the session as European stocks slipped in early trade and US stock futures hinted at a muted start on Wall Street later today

Tech Mahindra surges over 8%, hits new high as Q1 profit beats estimates

The company's order book increased from $290 million in Q1FY21 to $815 million in Q1FY22

Stocks to watch: TechM, Concor, Bandhan Bank, UPL, Tatva Chintan, TVS Motor

State-owned Container Corporation of India (Concor) reported a 409.67 per cent YoY surge in consolidated net profit to Rs 251.22 crore for the first quarter ended June 30

Tech Mahindra Q1 net up 39.2% YoY to Rs 1,353 cr, revenues rises 12%

Profit rises 25% sequentially on broad-based growth across segments and verticals

Tech Mahindra Q1 profit jumps 39% YoY to Rs 1,353 crore, beats estimates

The company beat profit expectations by a wide margin as most brokerages had projected the figure to rise between 16-23 per cent YoY

F&O expiry: Sensex gains 209 pts; Nifty Metal index zooms 5%, PSB index 3%

Tata Steel (up 6.8 per cent), Bajaj twins, SBI, HCL Tech, and Sun Pharma were the top gainers on the Sensex today

Stocks to watch: Tatva Chintan, Nestle India, TechM, Axis Bank, ABB India

HCL Technologies on Wednesday said it has appointed Jill Kouri as its Chief Marketing Officer

Analysts see 16-23% YoY PAT growth, margin contraction for TechM in Q1

Deal transition costs and the impact of wage hikes will drive the Ebit (earnings before interest and tax) margins sharply lower, analysts opined

Tech Mahindra partners StaTwig for Covid-19 vaccine supply chain

Tech Mahindra on Monday said it has partnered with StaTwig, a Singapore and Hyderabad-based digital supply chain solution provider, to implement vaccine traceability platform 'VaccineLedger' globally.

Airtel announces partnership with Tata group for 5G network solutions

Based on open radio access network (ORAN) technology, the plan is to roll out the solution initially for India and subsequently for exports

5G traction likely to add to Tech Mahindra's order book, growth

Valuations at a 30% discount to peers are also at attractive levels

Tech Mahindra plans acquisition in Europe, hire 250 people in Nordic region

IT company Tech Mahindra is looking for acquisitions in Europe to upgrade its capabilities in various segments, including cloud computing, 5G, SAP and Salesforce softwares

High dividend payout driving rally in IT stocks; m-cap of top 5 up 87%

Since FY15, top 5 IT firms' share price has risen 116% against 132% increase in cash-pay out

Tech Mahindra appoints 'Wellness Officer' to help workforce amid Covid

The new role has been created to institutionalise holistic wellness of all associates and to ensure access to medicine, hospitals and other medical supplies, says the IT firm