Tech Mahindra Share Price Take a Dive in Current Trading Session

Today, Tech Mahindra's stock witnessed a decline, opening at ₹1289.4 and closing at ₹1262, marking a 2.08% drop from the previous session's close. The stock fluctuated between a high of ₹1311.5 and a low of ₹1284.55, with a trading volume of 153,254 shares on the BSE. As of the last trading day, the company's market capitalization was ₹125,611.83 crore. The stock's 52-week range is from ₹982.95 to ₹1416.

The trading volume until 3 p.m. IST was 36.44% lower than the previous day, indicating a reduction in activity. Volume is a key metric in assessing market trends; typically, an uptrend with increased volume suggests strength, whereas a downtrend with high volume might indicate further declines.

For the upcoming session, key resistance levels are set at 1283.58, 1302.07, and 1313.03, while support levels might be 1254.13, 1243.17, and 1224.68. The stock's short-term trend appears bullish, whereas the long-term trend shows moderate bearishness. In the final trading hour, the stock moved between 1264.52 and 1270.12. This range-bound behavior suggests potential for trading strategies that capitalize on buying at lower bounds and selling at upper resistances.

Tech Mahindra company's financial holdings include a 13.74% mutual fund (MF) holding and a 24.15% foreign institutional investor (FII) holding as of the latest quarter. These holdings have seen slight changes from the previous quarter. Tech Mahindra reported an 8.64% return on equity (ROE) last fiscal year, with an investment return of 7.65%. Projections for this fiscal year suggest an increase in ROE to 9.94%, with further growth expected next year.

Tech Mahindra has experienced a decrease in EPS of -19.10% and an increase in revenue of 11.16% over the past three years. In the last twelve months, the company generated a revenue of ₹519955.00 crores, which is slightly higher than the revenue in the most recent fiscal year. The company is projected to have a growth rate of -5.55% in revenue and -32.32% in profit for the fourth quarter.

CEO and MD Mohit Joshi, on April 25, laid down his ‘Vision 2027’ to focus on organizational restructuring, phased business improvements and investments, along with utilizing synergies with the larger Mahindra Group businesses which saw the share price go up by almost 10%, as per 5paisa.

Morgan Stanley recently upgraded Tech Mahindra to "overweight" from "underweight" and adjusted its price target from ₹1,190 to ₹1,490, reinforcing confidence in the company's medium-term prospects. The brokerage called Tech Mahindra a "self-help story" citing the management's tangible and quantifiable outlook for financial year 2027.

Out of 46 analysts covering the stock, 20 recommend a "buy," 11 suggest a "hold," and 15 advise a "sell," reflecting a diverse range of market opinions