Aug 10, 2012, 09.43 AM IST

Tech Mahindra hits 52-week high on strong numbers

Tech Mahindra's consolidated profit after tax rose slightly higher than expected 11.7% quarter-on-quarter and 22% year-on-year to Rs 338 crore in the quarter ended June 2012.

Source: Moneycontrol.com
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Tech Mahindra 's consolidated profit after tax rose slightly higher than expected 11.7% quarter-on-quarter and 22% year-on-year to Rs 338 crore in the quarter ended June 2012.


Consolidated revenues increased 8.7% QoQ and 19% YoY to Rs 1543 crore.


It touched a 52-week high of Rs 794. At 09:41 hrs the share was quoting at Rs 785.00, up Rs 23.30, or 3.06%.
 
It was trading with volumes of 72,181 shares. In the previous trading session, the share closed up 0.32% or Rs 2.40 at Rs 761.70.


The company's trailing 12-month (TTM) EPS was at Rs 55.42 per share. (Jun, 2012). The stock's price-to-earnings (P/E) ratio was 14.15. The latest book value of the company is Rs 269.80 per share. At current value, the price-to-book value of the company was 2.91. The dividend yield of the company was 0.51%.


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