Tech Mahindra surged 2.50% to Rs 816 at 10:40 IST on BSE, on reports the company has signed five-year deal worth $250 million with two customers.
The stock hit a high of Rs 819.65 and a low of Rs 790.20 so far during the day. The stock has a 52-week high of Rs 1550 on 11 October 2007 and a 52-week low of Rs 614.80 on 17 March 2008.
The company’s current equity is Rs 121.64. Face value per share is Rs 10.
The current price of Rs 816 discounts Q1 June 2008 annualized EPS of Rs 83.74, by a PE multiple of 9.74.
In July 2008, Tech Mahindra bagged an order worth $700 million from BT Group for systems transformation program. BT Group is the largest client and a shareholder of Tech Mahindra.
Tech Mahindra reported a net profit of Rs 254.36 crore in Q1 June 2008 as against a net loss of Rs 207 crore in Q4 March 2008. Net Sales rose 11.10% to Rs 1100.70 crore in Q1 June 2008 over Q4 March 2007.
Tech Mahindra provides IT services and solutions to the telecom sector. It provides a variety of services ranging from IT strategy and consulting to system integration, design, application development, implementation, maintenance and product engineering.
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