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Home » News » Business

Dec 12, 2012, 02.13 PM | Source: Reuters

Tech Mahindra gains on share block sale price

Tech Mahindra rose as much as 4.9 percent on Wednesday after a block sale of 9.3 million shares, widely seen as coming from BT , fetched a higher-than-expected price.

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Tech Mahindra gains on share block sale price

Tech Mahindra rose as much as 4.9 percent on Wednesday after a block sale of 9.3 million shares, widely seen as coming from BT , fetched a higher-than-expected price.

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Tech Mahindra gains on share block sale price
Tech Mahindra rose as much as 4.9 percent on Wednesday after a block sale of 9.3 million shares, widely seen as coming from BT , fetched a higher-than-expected price.

BT was set to sell its 9.1 percent stake in the Indian IT services provider on Wednesday at a floor price of 855 rupees, according to a term sheet seen by Reuters.

The National Stock Exchange reported on Wednesday a block sale at 871 rupees per share. The exchange did not name the seller, but traders widely attributed it to BT.

Tech Mahindra shares were up 4.3 percent as of 9:28 a.m.

Tech Mahindra stock price

On February 12, 2016, Tech Mahindra closed at Rs 430.25, down Rs 0.9, or 0.21 percent. The 52-week high of the share was Rs 736.23 and the 52-week low was Rs 425.20.


The company's trailing 12-month (TTM) EPS was at Rs 29.15 per share as per the quarter ended December 2015. The stock's price-to-earnings (P/E) ratio was 14.76. The latest book value of the company is Rs 116.39 per share. At current value, the price-to-book value of the company is 3.70.

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