Tech Mahindra was in the limelight today with shares rallying 7% to a new high of ₹800 on the BSE after the IT major posted a strong third-quarter performance. In the December 2018 quarter, Tech Mahindra’s operating margin also improved sequentially. Technology stocks were among the top performers in January with most IT companies reporting strong revenue growth coupled with a healthy deal pipeline. For JM Financial, Tech Mahindra remains the preferred pick in the tech sector. During noon trade, Tech Mahindra shares were up 6% to ₹796 against a 0.70% rise in the broader Nifty index.

Source: Mint February 06, 2019 07:15 UTC