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The proposal for bonus shares is subject to the board’s consideration and approval.
The board will also consider the declaration of an interim dividend for FY27.
Tech Mahindra is a leading global provider of technology consulting and digital solutions, serving enterprises across industries with a strong presence in telecom, enterprise, and digital transformation services.
On a consolidated basis, the company's profit after tax (PAT) rose 28.45% year on year (YoY) to Rs 1,465.1 crore in Q1 FY27 from Rs 1,140.6 crore in Q1 FY26. On a sequential basis, PAT increased 8.22% from Rs 1,353.8 crore in Q4 FY26. Revenue from operations rose 17.68% YoY and 4.22% quarter on quarter (QoQ) to Rs 15,711.9 crore in Q1 FY27 from Rs 13,351.2 crore in Q1 FY26 and Rs 15,076.1 crore in Q4 FY26.
Shares of Tech Mahindra were down 0.49% at Rs 1525.30 on the BSE.
Tech Mahindra Ltd rose for a third straight session today. The stock is quoting at Rs 1595.4, up 3.53% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is down around 0.3% on the day, quoting at 23327.15. The Sensex is at 74671.32, down 0.15%. Tech Mahindra Ltd has dropped around 0.91% in last one month.
Meanwhile, Nifty IT index of which Tech Mahindra Ltd is a constituent, has dropped around 3.02% in last one month and is currently quoting at 28921.5, up 3.3% on the day. The volume in the stock stood at 19.34 lakh shares today, compared to the daily average of 18.42 lakh shares in last one month.
The benchmark September futures contract for the stock is quoting at Rs 1597.2, up 3.64% on the day. Tech Mahindra Ltd is up 4.17% in last one year as compared to a 7.58% fall in NIFTY and a 17.5% fall in the Nifty IT index.
The PE of the stock is 37.78 based on TTM earnings ending June 26.
Tech Mahindra Ltd dropped for a fifth straight session today. The stock is quoting at Rs 1559.1, down 0.31% on the day as on 13:19 IST on the NSE. The benchmark NIFTY is down around 0.52% on the day, quoting at 23655.6. The Sensex is at 75642.46, down 0.64%.Tech Mahindra Ltd has lost around 4.93% in last one month.Meanwhile, Nifty IT index of which Tech Mahindra Ltd is a constituent, has eased around 5.14% in last one month and is currently quoting at 29995.2, up 0.03% on the day. The volume in the stock stood at 6.68 lakh shares today, compared to the daily average of 21.86 lakh shares in last one month.
The benchmark September futures contract for the stock is quoting at Rs 1565.4, down 0.17% on the day. Tech Mahindra Ltd jumped 4.06% in last one year as compared to a 4.88% slide in NIFTY and a 14.9% fall in the Nifty IT index.
The PE of the stock is 38.3 based on TTM earnings ending June 26.
IT shares declined after advancing in the two consecutive trading sessions.
At 12:25 IST, the barometer index, the S&P BSE Sensex advanced 38.63 points or 0.05% to 77,694.72. The Nifty 50 index fell 56.10 points or 0.23% to 24,278.65.
The broader market outperformed the frontline indices. The BSE 150 MidCap Index rose 0.29% and the BSE 250 SmallCap Index added 0.69%.
The market breadth was positive. On the BSE, 2,392 shares rose and 1,650 shares fell. A total of 252 shares were unchanged.
In the commodities market, Brent crude for October 2026 settlement declined $1.87 or 2.11% to $86.71 a barrel.
Derivatives:
The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, declined 3.01% to 11.18. The Nifty 29 September 2026 futures were trading at 24,455.10, at a premium of 176.45 points as compared with the spot at 24,278.65.
The Nifty option chain for the 29 Spetmber 2026 expiry showed a maximum call OI of 53.5 lakh contracts at the 25,000 strike price. A maximum put OI of 55 lakh contracts was seen at the 24,000 strike price.
Buzzing Index:
The Nifty IT index declined 1.23% to 30,394. The index rose 0.78% in the past two consecutive trading sessions.
Infosys (down 1.88%), Tech Mahindra (down 1.84%), Mphasis (down 1.82%), HCL Technologies (down 1.12%), Wipro (down 1.02%), Tata Consultancy Services (down 0.96%), LTM (down 0.7%), Coforge (down 0.34%), Persistent Systems (down 0.18%) declined.
Stocks in Spotlight:
Fedbank Financial Services rose 0.82%. The company said that its board has approved an increase in aggregate borrowing limits of the company to Rs 23,000 crore from Rs 18,000 crore earlier.
Subex declined 1.29%. The company said that it has entered into a three-year engagement with a leading African mobile operator for the deployment of its HyperSense Fraud Management solutions. The operator selected Subex for its deep telecom domain expertise, proven experience across African markets and AI-powered fraud management capabilities.
Advait Energy Transitions rallied 3.09%after the company announced that it has received a turnkey contract worth Rs 134.62 crore from Madhya Pradesh Power Transmission Company (MPPTCL). The order, received on 25 August 2026, involves the design, manufacturing and supply of Emergency Restoration Systems (ERS) suitable for 400kV, 220kV and 132kV voltage class extra-high voltage (EHV) lines, along with all accessories.
Tech Mahindra Ltd rose for a fifth straight session today. The stock is quoting at Rs 1680.7, up 2.22% on the day as on 12:44 IST on the NSE. The benchmark NIFTY is up around 0.24% on the day, quoting at 24308.35. The Sensex is at 77816.27, up 0.21%. Tech Mahindra Ltd has added around 23.38% in last one month.
Meanwhile, Nifty IT index of which Tech Mahindra Ltd is a constituent, has added around 22.57% in last one month and is currently quoting at 31123.1, up 1.48% on the day. The volume in the stock stood at 21.59 lakh shares today, compared to the daily average of 27.4 lakh shares in last one month.
The benchmark August futures contract for the stock is quoting at Rs 1675.6, up 1.99% on the day. Tech Mahindra Ltd is up 14.83% in last one year as compared to a 1.86% fall in NIFTY and a 10.53% fall in the Nifty IT index.
The PE of the stock is 40.35 based on TTM earnings ending June 26.
Tech Mahindra Ltd rose for a fifth straight session today. The stock is quoting at Rs 1582.7, up 0.4% on the day as on 12:44 IST on the NSE. The benchmark NIFTY is down around 0.27% on the day, quoting at 24172.8. The Sensex is at 77442.96, down 0.34%. Tech Mahindra Ltd has added around 10.28% in last one month.
Meanwhile, Nifty IT index of which Tech Mahindra Ltd is a constituent, has added around 4.76% in last one month and is currently quoting at 29161.85, down 0.75% on the day. The volume in the stock stood at 17.93 lakh shares today, compared to the daily average of 28.48 lakh shares in last one month.
The benchmark July futures contract for the stock is quoting at Rs 1580.1, up 0.03% on the day. Tech Mahindra Ltd is up 2.29% in last one year as compared to a 3.54% fall in NIFTY and a 21.48% fall in the Nifty IT index.
The PE of the stock is 38.68 based on TTM earnings ending June 26.
Investors will continue to monitor developments in the US-Iran conflict, movements in crude oil prices, the ongoing Q1 earnings season, corporate business updates, and the progress of the southwest monsoon for further cues on market direction.
IT shares witnessed buyiung demand for second conesutive trading sessions.
At 10:25 IST, the barometer index, the S&P BSE Sensex advanced 702.13 points or 0.89% to 77,892.09. The Nifty 50 index added 197.45 points or 0.82% to 24,270.20.
The broader market underperformed the frontline indices. The BSE 150 MidCap Index fell 0.15% and the BSE 250 SmallCap Index declined 0.84%.
The market breadth was positive. On the BSE, 1,456 shares rose and 2,138 shares fell. A total of 222 shares were unchanged.
Result Today:
Reliance Industries(up 2.06%), JSW Steel(up 0.58%), Central Bank of India(down 0.06%), Federal Bank(up 1.59%), Tata Technologies(down 1.37%), Poonawalla Fincorp(down 0.18%), RBL Bank(up 0.65%), Havells India,(down 0.33%) Globus Spirits(down 1.25%), Oberoi Realty(up 0.47%), Tatva Chintan Pharma Chem(down 0.60%) and Turtlemint Fintech Solutions (down 1.34%) will announce their quarterly earnings today.
The Nifty IT index jumped 1.26% to 29,084.75. The index jumped 1.89% in past two consecutive trading sessions.
Tech Mahindra (up 2.63%), Infosys (up 1.62%), HCL Technologies (up 1.57%), Tata Consultancy Services (up 1.48%) and Persistent Systems (up 1.24%) were the top gainers. Among the other gainers were LTM (up 0.89%), Mphasis (up 0.5%) surged.
Mahindra EPC Irrigation tanked 7.71% after the company reported a consolidated net loss of Rs 2.14 crore in Q1 FY27, compared with a net profit of Rs 0.98 crore in Q1 FY26. Revenue from operations decreased 12.70% year-on-year (YoY) to Rs 54.16 crore in Q1 FY27.
South Indian Bank fell 1.85%. The bank reported a 17.29% year-on-year increase in standalone net profit to Rs 377.63 crore in Q1 FY27, compared with Rs 321.95 crore in Q1 FY26. Total income increased marginally by 0.76% year-on-year to Rs 3,007.30 crore in the first quarter of FY27.