Tech Mahindra shares rise and outperform falling market
Updated
Updated · MarketWatch · May 8
Tech Mahindra shares rise and outperform falling market
13 articles · Updated · MarketWatch · May 8
The stock gained 1.03% to 1,463.05 rupees on Friday as the BSE Sensex fell 0.66% to 77,328.19.
Tech Mahindra closed 20.92% below its 52-week high of 1,850 rupees reached on 3 February.
Among peers, Infosys rose 1.44%, TCS slipped 0.29% and Oracle Financial Services Software dropped 1.61%, while Tech Mahindra trading volume was 23,494 against a 50-day average of 91,062.
With record deal wins but a lagging stock, what is the missing catalyst for Tech Mahindra's market turnaround?
As Tech Mahindra pivots to AI, will its new model help reverse the Indian IT sector's hiring slump?