Tech Mahindra share price jumps over 3% after strong Q1 results 2026 - Should you buy, sell, or hold the IT stock?
New Delhi, July 17 -- IT major Tech Mahindra share price jumped over 3% on Friday, July 17, after it posted strong earnings for the quarter ended June 2026 (Q1FY27).
The IT major posted a consolidated net profit of Rs.1465.1 crore, up 28.4% as against Rs.1,140.60 crore in the same quarter last year. Meanwhile, its revenue from operations rose 15% to Rs.15,605.50 crore versus Rs.13,569.5 crore in the year-ago period.
Tech Mahindra reported revenue of $1.66 billion during the June quarter, registering a 6.1% increase year-on-year and a 2.2% rise compared with the March quarter. In constant currency terms, revenue grew 6.6% year-on-year and 2.6% sequentially.
The stock rose as much as 3.4% to its day's high of Rs.1,562.90 on BSE.
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