Tech Mahindra Q4 net profit falls 27% to ₹1,179.8 crore

<ul><li>For FY23, its net profit came at ₹5,137.6 crore as against ₹5,794.9 crore in the year-ago period.</li></ul>

IT sector's weight in Nifty50 at 5-year low of 12.2%, FMCG's weight rises: Report

BS pointed out that the IT sector’s weight in the index has slipped to a five-year low of 12.2 percent, down from the 17.7 percent at the end of March 2022.

IT Sector: DART has 0 'buy' calls and 2 ‘sell’ calls among top 10 stocks; says midcaps more vulnerable

Analysing the top 10 companies in the IT space, the brokerage had zero ‘buy’ calls and only two ‘accumulate’ calls. Meanwhile, it had 5 ‘reduce’ calls and 2 ‘sell’ calls.

Sensex, Nifty rise in early trade; RIL gains

Among the Sensex firms, Power Grid, Bajaj Finance, Tata Steel, UltraTech Cement, Reliance Industries, Sun Pharma, Tech Mahindra and HDFC Bank were the biggest gainers. Mahindra &amp; Mahindra, Hindustan Unilever, AXIS Bank and ICICI Bank were among the laggards.

Tech Mahindra vs LTIMindtree: Which IT stock is a better long-term investment?

On the back of the recent corrections in the IT space, let's compare LTIMindtree (LTIM) and Tech Mahindra to figure out which offers better long-term investment opportunities.

All Nifty IT stocks declined in the last 1 month amid macro concerns; what should investors do?

Between January 1, 2020, and March 31, 2022, the Nifty IT index rose by approximately 144 percent, while the Nifty 50 index climbed by 44 percent. However, since March 2022, the index has shed 21 percent till date.

Tech Mahindra gains over 8% following new MD's announcement

<ul><li>Mohit Joshi, President of Infosys, would take over as the next chief executive officer and managing director from December 20. The appointment is consequent to CP Gurnani’s retirement on December 19.</li></ul>

Tech Mahindra: 5 brokerages decode the road ahead for the stock; should you buy?

The stock has underperformed its sectoral index as well as the benchmark Sensex in the last one year. The road ahead for the stock would significantly depend on the management transition of the company.

Axis Securities' top 16 picks for March: ICICI Bank, Tech Mahindra and more

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<ul><li>The basket of its top picks has generated a remarkable return of 149% since its inception in May 2020, a figure that is noticeably higher than the 87% returns recorded by the Nifty 50 during the period. In light of this, the brokerage continues to support its thematic method of choosing top choices.</li></ul>

Nifty IT index falls over 1% following correction in Nasdaq; TCS down nearly 2%

<ul><li>The overall trend looks positive as certain heavyweights have witnessed good buying interest in the last couple of months. One should keep a ‘buy on dip’ approach with stock specific focus, said an analyst.</li></ul>

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Tech Mahindra Q4 net profit falls 27% to ₹1,179.8 crore

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