Latest news with #TechMahindraLtd
Business Standard
3 days ago
- Business
- Business Standard
ITI Ltd Falls 4.3%
ITI Ltd has added 36.59% over last one month compared to 3.89% gain in BSE Teck index and 1.52% rise in the SENSEX ITI Ltd lost 4.3% today to trade at Rs 349.05. The BSE Teck index is down 0.44% to quote at 17996.38. The index is up 3.89 % over last one month. Among the other constituents of the index, Infosys Ltd decreased 1.37% and Tech Mahindra Ltd lost 1.03% on the day. The BSE Teck index went up 13.85 % over last one year compared to the 10.26% surge in benchmark SENSEX. ITI Ltd has added 36.59% over last one month compared to 3.89% gain in BSE Teck index and 1.52% rise in the SENSEX. On the BSE, 65790 shares were traded in the counter so far compared with average daily volumes of 1.32 lakh shares in the past one month. The stock hit a record high of Rs 592.85 on 07 Jan 2025. The stock hit a 52-week low of Rs 210.2 on 25 Oct 2024.
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Business Standard
02-05-2025
- Automotive
- Business Standard
Tech Mahindra to acquire 100% stake in Mahindra Racing UK for Rs 13.5 cr
Upon completion, MRUK will become a wholly owned subsidiary of TMLL and, by extension, of Tech Mahindra Ltd Press Trust of India New Delhi Tech Mahindra on Friday said its wholly owned subsidiary, Tech Mahindra London Ltd (TMLL), has entered into a definitive agreement to acquire Mahindra Racing UK Ltd (MRUK) from Mahindra Overseas Investment Company (Mauritius) Ltd (MOICML). MOICML is a wholly owned subsidiary of Mahindra & Mahindra Ltd (M&M). This deal, executed through a share purchase agreement, involves TMLL acquiring 100 per cent shareholding in MRUK for a cash consideration of GBP 1.2 million (approximately Rs 13.5 crore). Upon completion, MRUK will become a wholly owned subsidiary of TMLL and, by extension, of Tech Mahindra Ltd. Tech Mahindra said it sees the acquisition as an opportunity to diversify into new business avenues such as sporting events, professional leagues, and data-driven engineering applications, while also enhancing its brand visibility. MRUK, incorporated in the UK in 2014, is engaged in the Formula Electric World Championship Racing industry, participating in events organised by the FIA. The company reported a revenue from operations of Rs 357.56 crore and a net worth of Rs 40.56 crore for the financial year ending March 31, 2025. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
Business Standard
25-04-2025
- Business
- Business Standard
Tech Mahindra Ltd soars 0.67%, up for fifth straight session
Tech Mahindra Ltd is quoting at Rs 1454.9, up 0.67% on the day as on 12:44 IST on the NSE. The stock is up 13.78% in last one year as compared to a 6.83% spurt in NIFTY and a 5.47% spurt in the Nifty IT. Tech Mahindra Ltd gained for a fifth straight session today. The stock is quoting at Rs 1454.9, up 0.67% on the day as on 12:44 IST on the NSE. The benchmark NIFTY is down around 1.22% on the day, quoting at 23951.05. The Sensex is at 78967.35, down 1.05%. Tech Mahindra Ltd has risen around 2.73% in last one month. Meanwhile, Nifty IT index of which Tech Mahindra Ltd is a constituent, has risen around 4.9% in last one month and is currently quoting at 35307.1, up 0.57% on the day. The volume in the stock stood at 63.1 lakh shares today, compared to the daily average of 25.03 lakh shares in last one month. The benchmark May futures contract for the stock is quoting at Rs 1453.7, up 0.08% on the day. Tech Mahindra Ltd is up 13.78% in last one year as compared to a 6.83% spurt in NIFTY and a 5.47% spurt in the Nifty IT index. The PE of the stock is 43.01 based on TTM earnings ending December 24.
