Tech Mahindra shares rise 4%, see biggest single-day jump in 21 weeks

Tech Mahindra stocks gain highest-ever in 21 weeks

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26 Aug, 2025 12:21

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Tech Mahindra Ltd shares gained as high as 3.51 percent on January 10, contributing to the positive momentum of Nifty IT Index as the only sector to gain in the overall Indian stock market today. This also marks the highest single-day gain for the shares in a span of 21 weeks.

Tech Mahindra Ltd is expected to announce its Q3 FY25 financial results in post-market hours on January 17, 2025. The shares are currently trading at Rs 1,704.45, up by 3.75 percent at 12:11 pm, January 10.

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In an exchange filing, Tech Mahindra informed its Board of Directors will meet on Friday, January 17, 2025. The primary agenda of this meeting is to consider and approve the company's financial results for the quarter ended December 31, 2024. The earnings announcement is expected to be made after market hours, that is, after 3:30 PM.

The Nifty IT Index registered gains between 1 percent to 4 percent on an average today, reflecting a subtle boost in investor sentiments. However, on the downside remains a declining performance of the Indian stock market, affected by weak global cues.

Tech Mahindra had reported a robust performance in the September quarter for fiscal year 2025, with consolidated net profit surging 153.1 percent year-on-year (YoY) to Rs 1,250 crore. Revenue for the quarter grew 3.5 percent YoY to Rs 13,313 crore. On a sequential basis, the company also witnessed healthy growth, with profit and revenue increasing by 46.81 percent and 2.36 percent, respectively.

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