Tech Mahindra's Stock Shows Resilience Amid IT Sector Trends and High Dividend Yield

Apr 23 2025 09:20 AM IST
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Tech Mahindra, a key player in the IT software industry, has seen a notable stock performance, trading at Rs 1400.4. The company has a market capitalization of Rs 1,39,173.75 crore and offers a dividend yield of 3.12%. Its P/E ratio is 35.95, above the industry average.
Tech Mahindra, a prominent player in the IT software industry, has shown significant activity today, aligning its performance with sector trends. The stock has experienced a notable upward trajectory, gaining 7.24% over the past three days. Currently, it is trading at Rs 1400.4, maintaining this price point throughout the day.

In terms of moving averages, Tech Mahindra's stock is performing above its 5-day and 20-day averages, although it remains below the 50-day, 100-day, and 200-day averages. The company boasts a high dividend yield of 3.12%, which may appeal to income-focused investors.

With a market capitalization of Rs 1,39,173.75 crore, Tech Mahindra's price-to-earnings (P/E) ratio stands at 35.95, significantly higher than the industry average of 27.75. Over the past year, the stock has delivered an 18.46% return, outperforming the Sensex, which has risen by 8.62%. However, its year-to-date performance reflects a decline of 16.65%, contrasting with the Sensex's gain of 2.50%. Overall, Tech Mahindra continues to navigate a competitive landscape within the IT sector.
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