Tech Mahindra Limited

The key equity benchmarks ended with significant gains on Friday, extending their winning streak to a second consecutive session, driven by buying interest in heavyweight stocks. Investors remained focused on September-quarter earnings. The Nifty settled near 23,150 mark. Market participants will track global developments, foreign institutional investor (FII) flows and further corporate earnings announcements for cues on market direction. IT, media and metal shares jumped while consumer durables, oil & gas and realty shares declined. As per provisional closing data, the S&P BSE Sensex jumped 413.66 points or 0.56% to 74,729.27. The Nifty 50 index added 148.80 points or 0.65% to 23,146.15. Over the past two consecutive trading sessions, the Sensex and Nifty rallied 2.68% and 2.31%, respectively. In the broader market, the Nifty MidCap 150 index shed 0.09%, while the Nifty SmallCap 250 index rose 0.06%. Market breadth remained positive. On the NSE, 2,131 shares advanced, while 1,422 declined and 116 remained unchanged. Economy: India's balance of payments recorded a surplus of $45.4 billion in August 2026, compared with a deficit of $5.6 billion a year earlier, according to data released by the Reserve Bank of India (RBI) on 15 October 2026. The current account deficit narrowed to $5.2 billion from $6.1 billion in August 2025. The merchandise trade deficit declined to $26.6 billion from $27.6 billion a year earlier, as merchandise exports rose to $44.7 billion from $35.1 billion, while imports increased to $71.3 billion from $62.7 billion. Net services receipts also rose to $16.5 billion from $15.6 billion a year earlier. Meanwhile, the government has raised windfall tax on exports of petrol, and reduced levies on diesel, according to a government notification issued late on Thursday night. The tax on petrol export was hiked to Rs 2.5 per litre from Rs 0.5 per litre, according to the notification. On the other hand, duty on diesel exports was slashed to Rs 8.5 per litre from Rs 16 per litre, effective October 16, the order said. IPO Update: Fusion CX received bids for 5,75,78,235 shares as against 1,40,40,000 shares on offer, according to stock exchange data at 15:30 IST on 16 October 2026. The issue was subscribed 4.10 times. The issue opened for bidding on 14 October 2026 and will close on 16 October 2026. The price band of the IPO is fixed between Rs 275 and 289 per share. An investor can bid for a minimum of 51 equity shares and multiples thereof. Tonbo Imaging India received bids for 6,14,29,452 shares as against 85,26,033 shares on offer, according to stock exchange data at 15:30 IST on 16 October 2026. The issue was subscribed 7.20 times. The issue opened for bidding on 15 October 2026 and will close on 19 October 2026. The price band of the IPO is fixed between Rs 665 and 700 per share. An investor can bid for a minimum of 21 equity shares and multiples thereof. Zetwerk Manufacturing Business received bids for 5,54,18,022 shares as against 18,50,66,845 shares on offer, according to stock exchange data at 15:30 IST on 16 October 2026. The issue was subscribed 0.30 times. The issue opened for bidding on 15 October 2026 and will close on 19 October 2026. The price band of the IPO is fixed between Rs 143 and 151 per share. An investor can bid for a minimum of 99 equity shares and multiples thereof. Sahajanand Medical Technologies received bids for 69,16,206 shares as against 97,50,482 shares on offer, according to stock exchange data at 15:30 IST on 16 October 2026. The issue was subscribed 0.71 times. The issue opened for bidding on 15 October 2026 and will close on 19 October 2026. The price band of the IPO is fixed between Rs 327 and 344 per share. An investor can bid for a minimum of 43 equity shares and multiples thereof. Bonfiglioli Transmissions received bids for 2,68,86,950 shares as against 3,02,82,330 shares on offer, according to stock exchange data at 15:30 IST on 16 October 2026. The issue was subscribed 0.89 times. The issue opened for bidding on 15 October 2026 and will close on 19 October 2026. The price band of the IPO is fixed between Rs 558 and 586 per share. An investor can bid for a minimum of 25 equity shares and multiples thereof. Buzzing Index: The Nifty IT index jumped 3.92% to 31,924.10. The index surged 12.61% in the straight four trading sessions. Tech Mahindra (up 7.97%), Wipro (up 6.12%), Tata Consultancy Services (up 5%), Infosys (up 4.8%), LTM (up 4.34%), Mphasis (up 1.72%), Oracle Financial Services Software (up 1.22%), Coforge (up 0.81%), HCL Technologies (up 0.81%). Tech Mahindra zoomed 7.97% after the company reported a 32.7% rise in consolidated net profit to Rs 1,585.6 crore in Q2 FY27 as compared with Rs 1,194.5 crore in Q2 FY26. Revenue from operations increased 15.6% to Rs 16,180.2 crore in Q2 FY27 as compared with Rs 13,994.9 crore in Q2 FY26. Wipro jumped 6.12% consolidated net profit declined 1.9% YoY to Rs 3,200 crore in Q2 FY27 from Rs 3,262.4 crore in Q2 FY26. Gross revenue rose 9.1% YoY to Rs 24,752.7 crore from Rs 22,697.3 crore. Stocks in Spotlight: Cyient DLM fell 12.62% despite reporting a 26.5% YoY and 5.16% QoQ increase in revenue to Rs 393.09 crore in Q2 FY27. The company's normalized net profit increased 25.8% YoY to Rs 15.82 crore from Rs 12.6 crore in Q2 FY26. Reported profit after tax rose 5.79% YoY and 108.78% QoQ to Rs 34.01 crore from Rs 32.15 crore and Rs 16.29 crore, respectively. Reported PAT included a one-off gain of Rs 18.2 crore from an earnout reversal. PC Jeweller surged 11.97% after investor Aditya Kumar Halwasiya acquired 5.1 crore shares in the jewellery retailer through a bulk deal on the NSE. According to NSE bulk deal data on Thursday (15 October 2026), Halwasiya purchased the shares at Rs 14.43 apiece. The transaction represented a 0.52% stake in the company. Halwasiya is the promoter of Cupid, in which he holds a 33.29% stake. His investment portfolio also includes a 2.03% stake in Tourism Finance Corporation of India. Global market: Most European equities advanced on Friday as sovereign borrowing costs and treasury yields eased. Iran's army commander-in-chief, Amir Hatami, said the Strait of Hormuz would remain closed until Iran's demands were met, adding that shipping traffic through the waterway was very limited, according to Iran's Mehr news agency. The US Central Command, however, said the United States and its regional partners controlled the strait and that commercial vessels continued to transit despite what it described as aggression by Iran's Islamic Revolutionary Guard Corps (IRGC). US President Donald Trump said in a Newsmax interview on Thursday that he would not use nuclear weapons against Iran and did not see a need to deploy US ground troops. Meanwhile, US Treasury Secretary Scott Bessent said Washington would continue its financial pressure on Tehran until its financial resources were exhausted. The US Treasury announced sanctions targeting 16 individuals and 10 entities over alleged links to Iranian financial networks. Most Asian indices ended higher on Friday as investors assessed Wall Street's rebound and weighed persistent inflation concerns against the recent technology sell-off. Indonesia was a notable exception, with the Jakarta Composite Index plunged more than 11%, its steepest one-day decline since 1998, after global index provider MSCI proposed downgrading the country's market from emerging-market to standalone status. MSCI cited concerns over market transparency, concentrated shareholdings and investability, raising fears of potential foreign capital outflows. US equities closed higher on Thursday. The Dow Jones Industrial Average climbed 1.08%, while the S&P 500 advanced 0.33% and the Nasdaq Composite gained 0.08%. Treasury yields eased, supporting the broader market despite continued pressure on technology and semiconductor stocks. The rebound followed a technology-led sell-off earlier in the week, as hotter-than-expected US consumer inflation revived concerns over further Federal Reserve interest rate increases. Investors also questioned whether strong demand for artificial intelligence would justify substantial spending on data centres, semiconductors and cloud infrastructure, particularly amid higher borrowing costs and intensifying competition in the chip industry. Inflation remained a key concern after US producer prices rose more than expected in September. The Producer Price Index (PPI) for final demand increased 1.3% month on month, its largest monthly gain since March 2022, while annual producer inflation accelerated to 6.3% from 5.6% in August. Energy prices were a major contributor, with final-demand energy prices rising 10.8% during the month. The data followed a stronger-than-expected consumer inflation report released on Wednesday, adding to uncertainty over the Federal Reserve's policy outlook.Powered by Capital Market - Live

Tech Mahindra Ltd fixes record date for Interim dividend Record date is 23 October 2026 Tech Mahindra Ltd has fixed 23 October 2026 as record date for payment of final dividend of Rs 15 per equity share of face value of Rs 5 each for FY 2025-26. The stock has soared by 10.28% in last one-week and has edged higher by 4.70% in last one month. It has gained around 13.09% over last one year. The average delivered quantity for the stock in last one-week was recorded at a level of 45.80%.

Tech Mahindra Ltd share price inched up 4.61% to Rs 1648.7 after the company's net profit saw a mild growth of 8.30% to Rs 1609.7 crore, while revenue from operations slightly gained 2.98% to Rs 16180.2 crore in Q3FY26 over Q2FY26. The market capitalization of Computers - Software & Consulting industry group stocks on BSE stood at Rs 24.55 lakh crore, gaining 4.79%. It has marginally improved by 8.13% over last one week and crept higher by 4.56% in last one month while the market capitalization of Tech Mahindra Ltd has improved by 8.68% and 4.99% in the same period respectively. Profit before tax (PBT) of Tech Mahindra Ltd stood at Rs 2296.1 crore in Q3 FY26, expanding by 38.38% year-on-year, and rising by 12.45% quarter-on-quarter. EBITDA came in at Rs 2886 crore, surging by 35.62% YoY and rising 1.30% sequentially. Total expenses posted a minor rise of 2.57% to Rs 13793.1 crore in Q3FY26 over Q3FY25. During the quarter, employee benefits expense was at Rs 8232.1 crore, easing 4.51% YoY. For the TTM ended FY26, revenue from operations tick up 7.22% to Rs 56815.4 crore, while net profit registered a growth of 12.99% to Rs 4805.5 crore, compared to previous TTM. EBITDA jumped by 613610% to Rs 9002.2 crore, and PBT improved 16.27% to Rs 6573.1 crore compared to previous TTM. The company's consolidated net cash flow from operating activities stood at Rs 6172.0 crore in FY26, as against Rs 5785.7 crore in FY25. Tech Mahindra Ltd surged by 12.99% in last one year, significantly outperforming the benchmark BSE Sensex which has declined by 10.04% during the same period.

Tech Mahindra Ltd rose 4.48% today to trade at Rs 1722.6. The BSE Teck index is up 1.25% to quote at 15545.52. The index is up 5.18 % over last one month. Among the other constituents of the index, Tata Consultancy Services Ltd increased 2.34% and Wipro Ltd added 1.93% on the day. The BSE Teck index went down 10.16 % over last one year compared to the 11.05% fall in benchmark SENSEX. Tech Mahindra Ltd has added 10.77% over last one month compared to 5.18% gain in BSE Teck index and 0.12% drop in the SENSEX. On the BSE, 1.41 lakh shares were traded in the counter so far compared with average daily volumes of 1.19 lakh shares in the past one month. The stock hit a record high of Rs 1850 on 03 Feb 2026. The stock hit a 52-week low of Rs 1304.25 on 09 Mar 2026.

Tech Mahindra Ltd share price inched up 2.20% to Rs 1576.0 after the company's net profit grew slightly 8.30% to Rs 1609.7 crore, while revenue from operations slightly gained 2.98% to Rs 16180.2 crore in Q3FY26 over Q2FY26. The market capitalization of Computers - Software & Consulting industry group stocks on BSE stood at Rs 24.55 lakh crore, gaining 4.79%. It has edged up by 11.68% over last one week and gained upto 4.56% in last one month while the market capitalization of Tech Mahindra Ltd has increased 10.23% and 4.99% in the same period respectively. Profit before tax (PBT) of Tech Mahindra Ltd stood at Rs 2296.1 crore in Q3 FY26, rallying 38.38% year-on-year, and advancing by 12.45% quarter-on-quarter. EBITDA came in at Rs 2886 crore, surging by 35.62% YoY and easing 1.30% sequentially. Total expenses saw a slight increase of 2.57% to Rs 13793.1 crore in Q3FY26 over Q3FY25. During the quarter, employee benefits expense was at Rs 8232.1 crore, ticking higher by 4.51% YoY. For the TTM ended FY26, revenue from operations inched higher 7.22% to Rs 56815.4 crore, while net profit registered a growth of 12.99% to Rs 4805.5 crore, compared to previous TTM. EBITDA jumped by 613610% to Rs 9002.2 crore, and PBT expanded by 16.27% to Rs 6573.1 crore compared to previous TTM. The company's consolidated net cash flow from operating activities stood at Rs 6172.0 crore in FY26, as against Rs 5785.7 crore in FY25. Tech Mahindra Ltd advanced by 7.35% in last one year, significantly outperforming the benchmark BSE Sensex which has declined by 11.27% during the same period.

Tech Mahindra Ltd gained for a third straight session today. The stock is quoting at Rs 1633.2, up 3.68% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 1.69% on the day, quoting at 23005.5. The Sensex is at 74132.92, up 1.86%. Tech Mahindra Ltd has gained around 4.83% in last one month. Meanwhile, Nifty IT index of which Tech Mahindra Ltd is a constituent, has gained around 5.94% in last one month and is currently quoting at 30171, up 2.14% on the day. The volume in the stock stood at 59.37 lakh shares today, compared to the daily average of 22.27 lakh shares in last one month. The benchmark October futures contract for the stock is quoting at Rs 1620.6, up 3.12% on the day. Tech Mahindra Ltd is up 11.57% in last one year as compared to a 10.08% slide in NIFTY and a 13.27% slide in the Nifty IT index.The PE of the stock is 38.67 based on TTM earnings ending June 26.

Tech Mahindra Ltd. announced the voluntary liquidation of its step-down subsidiary, LCC Networks Poland Sp.z.o.o, effective October 9, 2026, following court approval received on the same date. The subsidiary, which is wholly owned by LCC Europe BV, contributed revenue of Rs 0.603 crore and had a net worth of nil to the company's consolidated revenue and net worth for the financial year ended March 31, 2026.

Tech Mahindra Ltd. announced that its step-down subsidiary, LCC Networks Poland Sp.z.o.o, has been voluntarily liquidated with effect from October 9, 2026, following court approval. The subsidiary, which is wholly owned by LCC Europe BV, contributed revenue of Rs 0.603 crore and had a net worth of nil to the company’s consolidated revenue and net worth for the financial year ended March 31, 2026.

Tech Mahindra Ltd. on October 7, 2026, received a certificate from MUFG Intime India Private Limited, formerly known as Link Intime India Private Limited, confirming compliance with Regulation 74(5) of the Securities and Exchange Board of India (Depositories and Participants) Regulations, 2018, for the period July 1, 2026, to September 30, 2026.

Tech Mahindra Ltd will hold a board meeting on Thursday, October 15, 2026, and Friday, October 16, 2026, to consider and approve the audited standalone and consolidated financial results for the second quarter and half year ended September 30, 2026, a proposal for the declaration of an interim dividend for the financial year 2026-27, and a proposal for the issue of bonus shares.