Tech Mahindra shares rise 0.95% and outperform market
Updated
Updated · MarketWatch · Apr 30
Tech Mahindra shares rise 0.95% and outperform market
12 articles · Updated · MarketWatch · Apr 30
The stock closed at 1,474.05 rupees on Thursday as the BSE Sensex fell 0.75% to 76,913.50 in a broadly weak session.
Tech Mahindra remained 20.32% below its 52-week high of 1,850 rupees reached on 3 February.
Among peers, Infosys gained 1.20%, Tata Consultancy Services slipped 0.03% and Oracle Financial Services Software rose 0.40%, while trading volume reached 304,306 against a 50-day average of 89,479.
Why is Tech Mahindra hitting record deals and dividends while the IT sector slumps due to AI fears?
Tech Mahindra's CEO claims AI creates jobs, so why did its headcount recently shrink by thousands?