Tech Mahindra's share price falls over 2% after Q1 results; should you buy, sell, or hold the IT stock?
Tech Mahindra's share price has been under pressure in July, falling nearly 6 per cent, and looking set to snap its three-month winning streak.
Year-to-date, Tech Mahindra stock has fallen nearly 7 per cent compared to a 13 per cent fall in the Nifty IT index and a 6 per cent gain in equity benchmark Nifty 50.
(This is a developing story. Please check back for fresh updates.)
Read all market-related news here
Read more stories by Nishant Kumar
Disclaimer: This story is for educational purposes only. The views and recommendations expressed are those of individual analysts or broking firms, not Mint. We advise investors to consult with certified experts before making any investment decisions, as market conditions can change rapidly and circumstances may vary.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
News18
44 minutes ago
- News18
Savy Infra & Logistics stock jumps nearly 20 pc in debut trade on NSE SME
New Delhi, Jul 28 (PTI) Shares of Savy Infra and Logistics on Monday ended with a premium of nearly 20 per cent against the issue price of Rs 120 per share on the NSE's SME platform Emerge. The shares were listed at Rs 136.50 per share on the NSE SME index, at a premium of 13.75 per cent. Later, it closed at Rs 143.30 apiece, a premium of 19.42 per cent on the bourse. The market capitalisation of the company stood at Rs 298.19 crore on the NSE SME. In volume terms, 32.29 lakh equity shares were traded on the exchange during the day. The Rs 70-crore initial public offering (IPO) of Savy Infra and Logistics garnered a stellar response from the investors by subscribing 114.50 times on the closing day of bidding on Wednesday last week. The initial share sale had a price band at Rs 114-120 per share. The issue is entirely a fresh issue of 58.32 lakh shares. Gandhinagar-based EPC player Savy Infra & Logistics is engaged in the business of engineering, procurement, and construction (EPC) and logistics, with a focus on infrastructure projects. The company also offers logistics services through an asset-light model by renting trucks and drivers. The company reported revenue from operations of Rs 283.39 crore and profit after tax of Rs 23.88 crore in FY25. PTI HG TRB view comments First Published: July 28, 2025, 18:15 IST Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
Business Standard
an hour ago
- Business Standard
INR pares early gains to settle lower
The Indian rupee pared initial gains and settled for the day 15 paise lower at 86.67 (provisional) against the US dollar on Monday, tracking sharp gains in the American currency overseas. Investors are cautiously awaiting the outcome of India-US trade talks ahead of the August 1 deadline. Moreover, a negative trend in the domestic equity markets dented investors' sentiments further. Indian shares fell notably on Monday as caution prevailed ahead of the U.S. tariff deadline set to take effect later this week. The benchmark BSE Sensex tumbled 572.07 points, or 0.70 percent, to 80,891.02, with selling seen across sectors. The broader NSE Nifty index dropped 156.10 points, or 0.63 percent, to 24,680.90. Meanwhile, investors also remained cautious ahead of the US Federal Reserve and Bank of Japan's monetary policy decisions next week. On the NSE, USDINR ended at 86.57, up 0.17% on the day.
Business Standard
an hour ago
- Business Standard
Quick Wrap: Nifty Realty Index declines 4.07%
Nifty Realty index ended down 4.07% at 911.9 today. The index is down 8.00% over last one month. Among the constituents, Lodha Developers Ltd slipped 5.96%, Godrej Properties Ltd shed 5.28% and DLF Ltd fell 4.73%. The Nifty Realty index is down 15.00% over last one year compared to the 0.62% decline in benchmark Nifty 50 index. In other indices, Nifty Media index is down 2.70% and Nifty Private Bank index has dropped 1.65% on the day. In broad markets, the Nifty 50 has dropped 0.63% to close at 24680.9 while the SENSEX is down 0.70% to close at 80891.02 today.
