Tech Mahindra Share Price: Stock Analysis, History, and Forecast

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Tech Mahindra is a multinational IT company. The article dives into the history of the company, its management and its standing in the share market. Currently, Tech Mahindra is represented as TECHM on the stock exchange. The current value of Tech Mahindra’s share price is ₹1069.95. Given below is a table showing the share price of Tech Mahindra as of January 24, 2023, 11:06 am.

Tech Mahindra’s Share Price BSE and NSE

Today, i.e., 10th May 2022, Tech Mahindra’s stockopened at ₹1,255.00 on NSE and ₹1,256.00 on the BSE stock exchange.

The table below displays additional details on Tech Mahindra’s share price today. 

Tech Mahindra Share Price’s History and Current Standing

Before getting down further, let’s take a look at Tech Mahindra share price’s history in the last month. If you look closely at the figures, you will notice that there is a decline in the share price from April 2022 to May 2022. 

Let us analyse Tech Mahindra Share Price Performance Graph Now

The company’s stock price peaked in December 2021 last year. While the share price remained pretty constant for most of January, a massive decline can be seen from 28th January 2022. After a slight increase in February, Tech Mahindra’s share price kept fluctuating until the end of March 2022. From April 2022 onwards, there was a nominal increase again, but it soon declined even further in the month of May 2022. 

Source: MoneyControl

Tech Mahindra Company’s Information

Tech Mahindra is one of India’s leading information technology companies. It ranked in 6th position in 2022. The company is headquartered in Pune and registered in Mumbai. Tech Mahindra has about 160000 employees and is spread across 90 countries. Tech Mahindra firmly believes in building strong connections among nations. They aim to bring development to the world with a blend of technology and sustainability. 

Tech Mahindra works in a multitude of industries including Communications, Banking and Finance, Energy and Utilities, Manufacturing, the Public Sector, Healthcare, Hi-Tech and Media and Entertainment, to name a few. Tech Mahindra is an innovator contributing towards the world in an environmentally conscious manner. Their current focus is to indulge in eco-friendly operations and promote digitization.

History of Tech Mahindra

Tech Mahindra was listed in Forbes’ 2021 list of Top 50 Organizations in Blockchain. The firm’s journey to success is marked by varied achievements and milestones. 

1986 – Tech Mahindra formed as a joint venture with British Telecom and was called Mahindra-British Telecom in 1986. 

2005 – Mahindra-British Telecom became India’s eighth largest software exporter.

2008 –  After the Satyam scam in 2008, Tech Mahindra bid for Satyam Computer Services and became the top bidder for a share of a 31% stake in the company after beating L&T (Larsen and Toubro). 

2009 – Tech Mahindra successfully acquired Satyam Computers in 2009 and was announced the number one player in the IT industry. 

2010 – British Telecom sold its  Tech Mahindra’s (5.5%) stake to Mahindra and Mahindra for ₹451 crores. The same year, it made headlines by becoming the 2010 FIFA world cup’s official IT partner and sponsor. 

2012 – This was a crucial year for Tech Mahindra. The company announced its union with Mahindra Satyam after receiving approval from the boards of both companies. Soon after, it became a $2.5 billion IT Company. The firms also received approval from BSE and NSE. The same year, British Telecom sold 14.1% of its share to institutional investors for about ₹1,395 crores in August and 9.1% for ₹1,011.4 crores in December.

2013 – With a turnover of $2.7 US billion, Tech Mahindra became India’s 5th largest software services company.

2014 – The company recorded a record growth of 14% in the 2nd quarter of 2014. The company also acquired LLC (Lightbridge Communications Corporation), the world’s biggest independent telecom services company with a local presence in over 50 countries.

2017 – Tech Mahindra announced a joint venture called Tech Mahindra Arabia Ltd with Saudi Arab’s Midad Holdings. 

2020 – The company acquired Momenton and Tenzing Ltd to support its financial services and capabilities. It also earned a rank in Dow Jones Sustainability World Index 2020, for the 6th time in a row. Additionally, it got acknowledged as one of India’s 50 Best Companies to Work for in 2020. 

Management of Tech Mahindra

Tech Mahindra is known for competent management. The company is headed by trailblazers of the industry. The management of Tech Mahindra is mentioned in the table below.

Tech Mahindra Stock Returns in 2020 & 2021

As of 10th May 2022, Tech Mahindra stock returns performance is as follows:

• 1 Week: Tech Mahindra stock price moved up by 0.9%
• 1 Month: Tech Mahindra stock price moved down by 14.25%
• 3 Months: Tech Mahindra stock price moved down by -15.4%
• 1 Year: Tech Mahindra stock price moved up by 25.42%
• 3 Years: Tech Mahindra stock price moved up by 53.67%
• 5 Years: Tech Mahindra stock price moved up by 188.64%

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Tech Mahindra Company Performance

For the previous year’s last quarter which ended on 31st December 2021, Tech Mahindra reported a combined income of ₹11,673.90 Crores. This amount was about 4.57% more than the total income of the quarter that ended prior to it with ₹11,163.40 Crores. In the latest quarter, Tech Mahindra has reported a net profit of ₹1,378.90 Crores. Check out the table below to compare Tech M’s revenue, experiences and net profit from the years 2017 to 2021. 

NOTE: All figures in ₹ Cr, unless mentioned otherwise

Tech Mahindra Limited Listings & Indices

Tech Mahindra is listed on a total of 3 stock exchanges in India and is a part of more than 35 indices. View the table below for complete listing information of Tech Mahindra Limited.

Stock Exchange Listings

Presently, Tech Mahindra is listed in the following stock exchanges: 

• MCX Stock Exchange
• National Stock Exchange of India Ltd.
• The Stock Exchange, Mumbai

Tech Mehindra Share Indices

Tech Mahindra is a part of 38 indices in total, each of them is listed below:

Tech Mahindra Company Location

Tech Mahindra is located in more than 90 countries. The location of Tech Mahindra offices around the globe is given below. 

Should You Invest in Tech Mahindra?

Tech Mahindra is in the top five IT companies in India. They promote sustainability in all aspects of their business. In 2019, Tech Mahindra ranked 47 on the Fortune 500 list. Tech Mahindra is valued at $6 billion currently. The accolades and successes of Tech Mahindra makes it a worthy investment.

FAQ’s about Tech Mahindra Share Price