Tech Mahindra Announces 1:1 Bonus Issue and 300% Dividend: Should You Buy, Sell, or Hold?
India, Oct. 16 -- This Large-Cap Stock, engaged in providing IT services, consulting, digital transformation, business process services, engineering solutions, cloud computing, cybersecurity, and network technology solutions to global clients across various industries, jumped 7.60 percent after the company reported September quarterly results with a 33.95 percent YoY increase in net profit and announced a 1.1 bonus issue and a Rs. 15 dividend, while brokerages shared their insights on the company's future outlook.
With a market capitalization of Rs. 1,73,331.33 crores, the share of Tech Mahindra Limitedhas reached an intraday high of Rs. 1,774 per equity share, rising nearly 7.60 percent from its previous day's close price of Rs. 1,648....
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