Latest News | Tech Mahindra Shares Close with Nearly 3 Pc Jump After Q2 Earnings

New Delhi, Oct 26 (PTI) Shares of Tech Mahindra on Tuesday settled with a gain of nearly 3 per cent after the company reported a 26 per cent increase in its September quarter net profit.

The stock gained 6.88 per cent to its 52-week high of Rs 1,629.40 during the day on BSE. Later, it settled at Rs 1,562.90, a gain of 2.53 per cent.

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On NSE, it jumped 2.57 per cent to close at Rs 1,630.

In volume terms, 8.07 lakh shares were traded on BSE and over 1.69 crore on NSE.

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The software exporter on Monday reported a 26 per cent increase in its September quarter net at Rs 1,338.7 crore and expects to maintain the trajectory.

The Mahindra Group company's overall revenue was up 16.1 per cent at Rs 10,881.3 crore in the second quarter of this fiscal and higher by 6.4 per cent when compared with the preceding June quarter.

It had a net profit of Rs 1,064.6 crore in the July-September quarter of 2020.

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)