SENSEX NIFTY
Dec 12, 2012, 02.13 PM IST | 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.

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 October 21, 2014, Tech Mahindra closed at Rs 2327.25, up Rs 30.35, or 1.32 percent. The 52-week high of the share was Rs 2541.90 and the 52-week low was Rs 1467.00.


The company's trailing 12-month (TTM) EPS was at Rs 110.98 per share as per the quarter ended June 2014. The stock's price-to-earnings (P/E) ratio was 20.97. The latest book value of the company is Rs 364.78 per share. At current value, the price-to-book value of the company is 6.38.

Set email alert for

ADS BY GOOGLE

video of the day

HDFC Bank, ICICI Bank top picks: Jitendra Sriram

Explore Moneycontrol

Copyright © e-Eighteen.com Ltd. All rights reserved. Reproduction of news articles, photos, videos or any other content in whole or in part in any form or medium without express written permission of moneycontrol.com is prohibited.