Author: Avijit Bajpai

Despite 0.80% downfall in BSE Sensex, Tech Mahindra stocks have registered a noticeable upsurge, almost 2.50 %, mainly owing to its five-year deal worth  $250 million with two new customers.

The market seems to be bullish for the stock, as there were a total of 47,778 shares of the stocks traded over the counter in BSE; however, the stocks are performing well with a daily average trading of 41,114 shares during the last one quarter.

The stock reached the minimum of Rs 790.20 and the maximum of Rs 819.65 during the entire day, further, the stock has reached 52-week high, Rs 1550, on 11 October 2007 and a 52-week low, Rs 614.80, on 17 March 2008.

The company recorded a net profit of Rs 254.36 crore in Q1 of June 2008 as against the net deficit of Rs 207 crore during Q4 in March this year. Moreover, the company has also exhibited growth in net sales with a rise of 11.10% in its net sales, as against March 2008.