Tech Mahindra share price: At today's closing price of Rs 1,100.30, the stock was down 13.38 per cent from its 52-week high of Rs 1,270.35, a level seen on July 17, 2023. Yet, it was up 11.94 per cent from its one-year low price of Rs 982.95, hit on April 28 this year
Nifty IT is currently trading at 21 times one-year forward EPS against the last 15-year average of 18 times. The IT index is trading at a 16 per cent premium over Nifty PE of 18.5 times.
Tech Mahindra holding, LIC said, increased from 6.869 per cent to 8.884 per cent, an increase of 2.015 per cent since November. LIC bought Tech Mahindra shares at an average cost of Rs 1,050.77 apiece.
Stocks in focus today: The domestic market is gradually shifting towards a positive terrain, supported by FIIs inflows and positive Q4 earnings from banks. Wipro, Raymond, HUL, Bajaj Finserv are among the stocks to watch on Friday, April 28, 2023.