Tech Mahindra shares drop 1.27% in weak market session
Updated
Updated · MarketWatch · May 7
Tech Mahindra shares drop 1.27% in weak market session
14 articles · Updated · MarketWatch · May 7
The stock closed at 1,448.15 rupees on Thursday as the BSE Sensex slipped 0.15% to 77,844.52.
Tech Mahindra ended 21.72% below its 52-week high of 1,850 rupees reached on 3 February.
Among peers, Infosys fell 0.41%, TCS lost 1.40% and Oracle Financial Services Software dropped 2.02%, while Tech Mahindra trading volume was 64,227 against a 50-day average of 91,421.
Why is Tech Mahindra's stock falling despite record profits and its highest-ever dividend?
Is Tech Mahindra a bargain for investors or a value trap facing AI disruption?
Can a Canadian acquisition and AI pivot shield the IT giant from global economic turmoil?