Tech Mahindra Ltd gained for a third straight session today. The stock is quoting at Rs 697.5, up 1.11% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 0.42% on the day, quoting at 10847.8. The Sensex is at 36172.96, up 0.53%. Tech Mahindra Ltd has risen around 1.4% in last one month.
Meanwhile, Nifty IT index of which Tech Mahindra Ltd is a constituent, has risen around 0.4% in last one month and is currently quoting at 14285.7, up 0.53% on the day. The volume in the stock stood at 12.84 lakh shares today, compared to the daily average of 22.29 lakh shares in last one month.
The benchmark January futures contract for the stock is quoting at Rs 699.95, up 0.87% on the day. Tech Mahindra Ltd is up 28.67% in last one year as compared to a 2.03% spurt in NIFTY and a 19.14% spurt in the Nifty IT index.
The PE of the stock is 16.6 based on TTM earnings ending September 18.