Tech Mahindra is currently trading at Rs. 1228.40, up by 100.65 points or 8.92% from its previous closing of Rs. 1127.75 on the BSE. The scrip opened at Rs. 1189.95 and has touched a high and low of Rs. 1237.00 and Rs. 1175.05 respectively. So far 689272 shares were traded on the counter. The BSE … Read more
Tech Mahindra is looking at upcoming 5G rollouts in global markets as a big opportunity. The communication vertical accounted for 41.5 percent of its Rs 8,629 crore revenue in the September quarter. The revenue share of the segment had stood at 45.2 percent in Q1FY18, which had steadily declined to 39.6 percent by Q1FY19 before … Read more
Mahindra & Mahindra (M&M) has acquired 100% stake in Mahindra Automotive Mauritius on November 06, 2018. M&M is the flagship company of the Mahindra Group, a multinational conglomerate based in Mumbai, India. Amongst the various business interests of its parent group, the company is mainly involved in the automobile manufacturing. It is one of the … Read more
Tech Mahindra has received an approval for Merger by Absorption of Tech Mahindra Growth Factories (hereinafter collectively referred as the Transferor Company), a wholly owned subsidiary company with itself (the Company or Transferee Company) and their respective Shareholders. The Board of Directors of the company at their meeting held on October 29-30, 2018, approved the … Read more
Mahindra Logistics has completed the purchase of 119,610 (5.06%) equity shares of Lords Freight (India) (Lords), Subsidiary company from its existing Shareholder, resulting an increase in the company’s stake in Lords from 68.69% (pre-acquisition) to 73.75% (post-acquisition). Mahindra Logistics provides logistics solutions, warehousing facilities, freight forwarding and supply chain management services. It also provides people … Read more
Tech Mahindra has reported results for second quarter ended September 30, 2018. The company has reported a marginal fall of 2.95% in its net profit at Rs 1,337.07 crore for the quarter under review as compared to Rs 1,377.67 crore for the same quarter in the previous year. However, total revenue of the company increased … Read more
Mahindra Holidays & Resorts India has reported results for second quarter ended September 30, 2018. The company has reported 54.38% fall in its net profit at Rs 14.46 crore for the quarter under review as compared to Rs 31.70 crore for the same quarter in the previous year. Total income of the company decreased by … Read more
