Summary: On September 18, 2023, the trading day for Tech Mahindra saw an open price of ₹1278.95 and a close price of ₹1279.65. The stock had a high of ₹1303.35 and a low of ₹1273.9. The market capitalization of Tech Mahindra was ₹126649.88 crore. The 52-week high and low for the stock were ₹1303.35 and ₹968.17, respectively. The BSE volume for the stock was 59053 shares. The top active call options for Tech Mahindra were at strike prices of ₹1300.0 (Expiry: 28 SEP 2023) and ₹1320.0 (Expiry: 28 SEP 2023) with prices of ₹18.0 (-23.73%) and ₹11.0 (-29.49%) respectively. The top active put options for Tech Mahindra were at strike prices of ₹1280.0 (Expiry: 28 SEP 2023) and ₹1260.0 (Expiry: 28 SEP 2023) with prices of ₹16.2 (+15.71%) and ₹8.7 (+8.75%) respectively. The current price for Tech Mahindra is ₹1289.95, down -0.69% from the previous day’s closing price of ₹1298.95. Analysts’ ratings for the stock vary between Strong Buy, Buy, Hold, Sell, and Strong Sell. Tech Mahindra’s price decline continues with a current price of ₹1292, down -0.54% from the previous day’s price. The stock’s peers include HCL Technologies, LTI Mindtree, Mphasis, and Tata Elxsi. Tech Mahindra’s September futures opened at ₹1298.0, slightly lower than its previous close of ₹1300.95.
Tech Mahindra is an Indian multinational technology company that provides IT services and solutions to clients around the world. The company’s stock, traded on the Bombay Stock Exchange (BSE), has experienced some fluctuations in its trading activity. During the trading day on September 18, 2023, Tech Mahindra opened with a price of ₹1278.95 and closed at ₹1279.65. Throughout the day, the stock reached a high of ₹1303.35 and a low of ₹1273.9.
The market capitalization of Tech Mahindra, which represents the total value of the company’s outstanding shares, was ₹126649.88 crore. This serves as an indicator of Tech Mahindra’s overall value and market presence. The stock’s 52-week high and low were ₹1303.35 and ₹968.17, respectively. This shows the range of prices the stock has traded at over the past year.
In terms of trading volume, there were 59053 shares of Tech Mahindra traded on the BSE. This indicates the level of investor interest and activity in the stock.
The options market for Tech Mahindra also saw active trading. The top call options were for strike prices of ₹1300.0 and ₹1320.0, with prices at ₹18.0 (-23.73%) and ₹11.0 (-29.49%) respectively. The top put options were for strike prices of ₹1280.0 and ₹1260.0, with prices at ₹16.2 (+15.71%) and ₹8.7 (+8.75%) respectively. These options provide investors with the opportunity to speculate on the future price movements of Tech Mahindra’s stock.
Despite these trading activities, the stock experienced a slight decline in value on September 18, 2023. The current price of Tech Mahindra is ₹1289.95, down -0.69% from the previous day’s closing price of ₹1298.95. This indicates that investors may be selling their shares at a slightly lower price.
Looking at analysts’ views on the stock, there is a range of ratings, including Strong Buy, Buy, Hold, Sell, and Strong Sell. These ratings reflect the opinions of various analysts on the prospects of Tech Mahindra’s stock.
Furthermore, Tech Mahindra’s stock has peers in the market, including HCL Technologies, LTI Mindtree, Mphasis, and Tata Elxsi. These companies operate in the same industry and may face similar market conditions. Comparing the stock prices and market capitalization of these peers can provide insights into the relative performance of Tech Mahindra.
Regarding future trading, Tech Mahindra’s September futures opened at ₹1298.0, slightly lower than its previous close of ₹1300.95. Futures contracts allow investors to buy or sell an asset, such as a stock, at a predetermined price in the future. The trading of futures contracts can have an impact on the stock price of Tech Mahindra.
Overall, Tech Mahindra’s stock trading activity on September 18, 2023, showed some fluctuations in price and trading volume. The stock experienced a slight decline in value, and options trading was active. Analysts’ views on the stock vary, and there are peers in the market for comparison. The opening of September futures also adds another element to the stock’s future performance.
Definitions:
– Tech Mahindra: An Indian multinational technology company that provides IT services and solutions.
– BSE: The Bombay Stock Exchange, one of the main stock exchanges in India.
– Market capitalization: The total value of a company’s outstanding shares.
– 52-week high and low: The highest and lowest prices a stock has traded at over the past 52 weeks.
– Trading volume: The number of shares traded in a particular stock during a given period.
– Call options: Financial instruments that give the holder the right, but not the obligation, to buy an asset at a specified price within a specific time period.
– Put options: Financial instruments that give the holder the right, but not the obligation, to sell an asset at a specified price within a specific time period.
– Futures contracts: Agreements to buy or sell an asset, such as a stock, at a predetermined price on a specified future date.
Sources:
– 1. LiveMint