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Tech Mahindra Ltd is down for a fifth straight session today. The stock is quoting at Rs 1343.2, down 6.78% on the day as on 13:19 IST on the NSE. The benchmark NIFTY is down around 1.13% on the day, quoting at 25422.6. The Sensex is at 82225.5, down 1.28%.Tech Mahindra Ltd has lost around 23.03% in last one month.Meanwhile, Nifty IT index of which Tech Mahindra Ltd is a constituent, has eased around 22.3% in last one month and is currently quoting at 31550.5, down 5.03% on the day. The volume in the stock stood at 42.06 lakh shares today, compared to the daily average of 23.51 lakh shares in last one month.
The benchmark February futures contract for the stock is quoting at Rs 1343.7, down 7.04% on the day. Tech Mahindra Ltd tumbled 15.73% in last one year as compared to a 12.75% rally in NIFTY and a 23.43% fall in the Nifty IT index.
The PE of the stock is 33.61 based on TTM earnings ending December 25.
Coforge Ltd rose 2.4% today to trade at Rs 1405.7. The BSE Teck index is up 0.75% to quote at 16781.98. The index is down 8.29 % over last one month. Among the other constituents of the index, HCL Technologies Ltd increased 1.78% and Tech Mahindra Ltd added 1.64% on the day. The BSE Teck index went down 9.31 % over last one year compared to the 10.58% surge in benchmark SENSEX.
Coforge Ltd has lost 16.92% over last one month compared to 8.29% fall in BSE Teck index and 2.18% rise in the SENSEX. On the BSE, 6545 shares were traded in the counter so far compared with average daily volumes of 1.04 lakh shares in the past one month. The stock hit a record high of Rs 1994 on 08 Jul 2025. The stock hit a 52-week low of Rs 1190.84 on 07 Apr 2025.
IT, realty and media stocks tumbled while metal and consumer durables shares managed to advance.
As per provisional closing data, the barometer index, the S&P BSE Sensex declined 558.72 points or 0.66% to 83,674.92. The Nifty 50 index fell 146.65 points or 0.57% to 25,807.20.
In the broader market, the BSE 150 MidCap Index dropped 0.46% and the BSE 250 SmallCap Index slipped 0.86%.
The market breadth was negative. On the BSE, 1,679 shares rose and 2,532 shares fell. A total of 174 shares were unchanged.
Direct Tax Collection Data:
The central government’s net direct tax collections, after accounting for refunds, stood at Rs 19.43 lakh crore so far this fiscal year, up 9.4% from a year earlier. Net corporate tax collection rose 14.51% to Rs 8.90 lakh crore, while taxes from non-corporates, including individuals and Hindu Undivided Families (HUFs), rose 5.91 % to about Rs 10.03 lakh crore.
Buzzing Index:
The Nifty IT index declined 5.73% to 33,083.45 amid concerns over artificial intelligence-led disruption and global macro uncertainty. The sharp fall followed the launch of a new artificial intelligence tool by US-based startup Anthropic, which recently introduced a product tailored for corporate legal teams. The sector was also weighed down by stronger-than-expected US jobs data, which dampened expectations of near-term interest rate cuts by the Federal Reserve and added to investor caution toward export-oriented technology stocks. Meanwhile, the index tanked 7.39% in the two consecutive trading sessions.
Coforge (down 6.48%), Tech Mahindra (down 6.25%), Oracle Financial Services Software (down 6.23%), Infosys (down 5.77%) and LTIMindtree (down 5.5%), Tata Consultancy Services (down 5.43%), Mphasis (down 4.83%), HCL Technologies (down 4.82%), Wipro (down 4.7%) and Persistent Systems (down 4.69%) declined.
Stocks in Spotlight:
Hindalco Industries rose 0.06%. The company said its wholly owned subsidiary Novelis Inc. has provided an update on the twin fire incidents at its Oswego plant in New York that occurred in September and November 2025. Novelis estimates the total free cash flow impact at $1.3-1.6 billion, which includes repair costs, operational downtime, working capital timing and other related expenses. The company said 70-80% of the free cash flow and adjusted EBITDA impact is expected to be recoverable through insurance, subject to policy terms, conditions and potential coverage disputes. No firm estimate for insurance recovery has been accrued at this stage. The Oswego hot mill is expected to restart by late Q2 calendar 2026.
Meanwhile, Novelis reported its Q3 earnings. The Hindalco subsidiary reported a net loss attributable to common shareholders of $160 million, compared with a net income of $110 million in the prior year, Net sales rose 3% YoY to $4.2 billion.
SJVN rose 1.18% after the company reported a 50.6% jump in consolidated net profit to Rs 224.38 crore in Q3 FY26, compared with Rs 149.03 crore in Q3 FY25. Revenue from operations surged 61.2% year-on-year to Rs 1,081.97 crore during the quarter under review, up from Rs 670.99 crore in the corresponding period last year.
Zydus Lifesciences rose 2.22% after the company announced a settlement agreement with Astellas Pharma Inc. in relation to Myrbetriq (generic name: Mirabegron) in the United States.
Lenskart Solutions surged 13.67% after the company reported 237.9% increase in consolidated net profit to Rs 132.7 crore on a 37.4% rise in revenue to Rs 2,307.7 crore in Q3 FY26 as compared with Q3 FY25.
Jupiter Wagons slipped 3.69% after its consolidated net profit tanked 35.28% to Rs 62.99 crore in Q3 FY26, compared with Rs 97.33 crore recorded in Q3 FY25. Revenue from operations fell 13.54% YoY to Rs 890.36 crore in the quarter ended 31 December 2025.
Bombay Dyeing & Manufacturing Company declined 2.84% after the company reported a consolidated net loss of Rs 9.85 crore in Q3 FY26, compared with a net profit of Rs 70.06 crore posted in Q3 FY25. Revenue from operations declined 21.9% year-on-year to Rs 324.02 crore in the quarter ended 31 December 2025.
LG Electronics India slipped 3.04% after the company reported 61.6% drop in consolidated net profit to Rs 89.67 crore on a 6.4% fall in net sales to Rs 4,114.39 crore in Q3 FY26 as compared with Q3 FY25.
Patanjali Foods shed 0.05%. The company has reported 60.0% increase in consolidated net profit to Rs 593.44 crore on a 16.5% increase in net sales to Rs 10,483.71 crore in Q3 FY26 as compared with Q3 FY25.
Global Market:
European market advanced as investors awaited for U.K. fourth quarter GDP and industrial production figures.
Most Asian market ended higher on Thursday, buoyed by Japan’s post-election rally to fresh highs, fueled by renewed confidence in domestic politics and the ruling administration’s economic agenda.
Japanese stocks extending its post-election rally to fresh highs, fueled by renewed confidence in domestic politics and the ruling administration’s economic agenda.
Media reports noted that Takaichi’s snap-election landslide gives her an unusually strong, multi-year mandate to execute policy, which they view as broadly supportive for Japan’s markets and corporate sector.
Overnight in the U.S., the Dow Jones Industrial Average snapped a three-day win streak after a better-than-expected January jobs report.
The blue-chip index lost 66.74 points, or 0.13%, and closed at 50,121.40. The S&P 500 was nearly flat at 6,941.47. The Nasdaq Composite dropped 0.16% to end at 23,066.47.
The Bureau of Labor Statistics’ January nonfarm payrolls report showed job growth of 130,000 in January. Media reports suggested that the job growth gains for January were estimated to be around 55,000. Jobs growth in December was downwardly revised to 48,000.
Strong labor market has reduced the odds for interest rate cuts by the Federal Reserve.
The jobs report follows weaker-than-expected consumer data released on Tuesday. That report showed that consumer spending in December was flat, missing the 0.4% monthly gain expected from economists polled by Dow Jones.
Tech Mahindra Ltd is up for a fifth straight session today. The stock is quoting at Rs 1749.5, up 0.25% on the day as on 12:44 IST on the NSE. The benchmark NIFTY is up around 0.4% on the day, quoting at 25275.35. The Sensex is at 82136.46, up 0.34%. Tech Mahindra Ltd has gained around 8.5% in last one month.
Meanwhile, Nifty IT index of which Tech Mahindra Ltd is a constituent, has gained around 0.52% in last one month and is currently quoting at 38566.1, down 0.22% on the day. The volume in the stock stood at 13.17 lakh shares today, compared to the daily average of 20.64 lakh shares in last one month.
The benchmark February futures contract for the stock is quoting at Rs 1753.9, down 0.01% on the day. Tech Mahindra Ltd is up 4.07% in last one year as compared to a 9.12% jump in NIFTY and a 10.33% jump in the Nifty IT index.
The PE of the stock is 40.67 based on TTM earnings ending December 25.
Tech Mahindra Ltd gained for a third straight session today. The stock is quoting at Rs 1706.1, up 1.11% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is down around 0.31% on the day, quoting at 25210.75. The Sensex is at 82029.72, down 0.34%. Tech Mahindra Ltd has gained around 4.57% in last one month.
Meanwhile, Nifty IT index of which Tech Mahindra Ltd is a constituent, has gained around 1.45% in last one month and is currently quoting at 38301.75, up 0.28% on the day. The volume in the stock stood at 10.75 lakh shares today, compared to the daily average of 18.97 lakh shares in last one month.
The benchmark January futures contract for the stock is quoting at Rs 1703.5, up 0.77% on the day. Tech Mahindra Ltd is down 0.98% in last one year as compared to a 9.17% jump in NIFTY and a 11.75% jump in the Nifty IT index.
The PE of the stock is 39.34 based on TTM earnings ending December 25.
Triveni Turbine Ltd, Tech Mahindra Ltd, Jubilant Pharmova Ltd, Wipro Ltd are among the other stocks to see a surge in volumes on BSE today, 19 January 2026.
Jindal Saw Ltd clocked volume of 25.33 lakh shares by 10:45 IST on BSE, a 22.18 times surge over two-week average daily volume of 1.14 lakh shares. The stock gained 11.66% to Rs.172.90. Volumes stood at 2.04 lakh shares in the last session.
Triveni Turbine Ltd recorded volume of 7.53 lakh shares by 10:45 IST on BSE, a 13.83 times surge over two-week average daily volume of 54468 shares. The stock lost 3.14% to Rs.487.35. Volumes stood at 36384 shares in the last session.
Tech Mahindra Ltd witnessed volume of 9.27 lakh shares by 10:45 IST on BSE, a 6.29 times surge over two-week average daily volume of 1.47 lakh shares. The stock increased 3.38% to Rs.1,727.00. Volumes stood at 1.8 lakh shares in the last session.
Jubilant Pharmova Ltd notched up volume of 24138 shares by 10:45 IST on BSE, a 5.65 fold spurt over two-week average daily volume of 4273 shares. The stock slipped 3.12% to Rs.1,013.95. Volumes stood at 3198 shares in the last session.
Wipro Ltd notched up volume of 16.94 lakh shares by 10:45 IST on BSE, a 5.53 fold spurt over two-week average daily volume of 3.06 lakh shares. The stock slipped 6.45% to Rs.250.00. Volumes stood at 5.29 lakh shares in the last session.
Profit before exceptional items and tax (PBET) jumped 37% to Rs 1,777.5 crore in Q2 FY26, compared with Rs 1297.4 crore posted in Q2 FY26. Exceptional items includes impact of labour code changes stood at Rs 272.4 crore in Q3 FY26.
EBIT stood at Rs 1,892 crore in the quarter ended 31st December 2025, up 11.3% QoQ and up 40.1% YoY.
In dollar terms, the company’s revenue recorded of $1,610 million (up 1.5% QoQ). In constant currency terms, revenue increased 1.7% QoQ.
During the quarter, EBIT was at $211 million, up 10.0% QoQ and up 32.8% YoY. EBIT margin came in at 13.1% in Q3 FY26, up 100 bps QoQ and 290 bps YoY.
IT Headcount stood at 76,194 in Q3 FY26, down by 4,671 YoY. IT LTM attrition was at 12.3% in Q3 FY26 as against 12.8% in Q2 FY26.
Cash and cash equivalent stood at Rs 7,666 crore in the quarter ended 31st December 2025.
Mohit Joshi, CEO and managing director (MD), Tech Mahindra, said, “Our deal wins on an LTM basis are the highest we have achieved in the past five years, reflecting an improved deal-win run-rate over the past several quarters. The momentum is a testament to our sustained investments in sales, solution-oriented go-to-market approach and the growing relevance of our AI-led offerings in addressing client needs. Together, these efforts are laying a strong foundation for long-term value creation”
Rohit Anand, chief financial officer (CFO), Tech Mahindra, said, “This quarter reflects a well-rounded financial performance, marked by ninth consecutive quarter of margin expansion and continued strength in cash generation. A sustained focus on working capital discipline has led to improved cash flows and a meaningful improvement in DSO, driven by consistent execution. We remain on track in our progress toward our FY27 goals”
Meanwhile, the company announced additional investment of Rs 37.5 lakh in New Democratic Electoral Trust (NDET), a Section 8 company. As a result, the company’s shareholding in NDET will increase from 19.83% to 49.35% of its equity share capital. Upon completion of the transaction, NDET will be classified as an Associate of the company.
Tech Mahindra offers technology consulting and digital solutions to global enterprises across industries, driving transformation at scale and speed. It provides a full spectrum of services including consulting, information technology, enterprise applications, business process services, engineering services, network services, customer experience & design, AI & analytics, and cloud & infrastructure services.
The scrip jumped 3.50% to Rs 1,729.10 on the BSE and touched 52-week high at Rs 1,736.55.
The scrip jumped 5.17% to settle at Rs 1,670.55 on the BSE.