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Voltas corrects on profit booking after strong Q1 results
Aug 02,2016

Meanwhile, the S&P BSE Sensex was up 47.58 points, or 0.17%, to 28,050.70.

On BSE, so far 6.21 lakh shares were traded in the counter, compared with an average daily volume of 1.38 lakh shares in the past one quarter. The stock hit a high of Rs 376 so far during the day, which is a record high for the counter. The stock hit a low of Rs 361.35 so far during the day. The stock hit a 52-week low of Rs 211.20 on 12 February 2016. The stock had outperformed the market over the past one month till 1 August 2016, rising 16.66% compared with 3.16% rise in the Sensex. The scrip had also outperformed the market in past one quarter, rising 26.43% as against Sensexs 9.36% rise.

The large-cap company has an equity capital of Rs 33.09 crore. Face value per share is Re 1.

Shares of Voltas had witnessed a strong rally ahead of the announcement of the first quarter results. The stock jumped 10.82% in six trading sessions to settle at Rs 370.70 yesterday, 1 August 2016, from its close of Rs 334.50 on 22 July 2016.

On a consolidated basis, Voltas net profit rose 53.72% to Rs 157.62 crore on 18.99% increase in total income to Rs 1890.90 crore in Q1 June 2016 over Q1 June 2015.

Voltas is an air conditioning company and one of the worlds premier engineering solutions providers and project specialists. Voltas offers engineering solutions for a wide spectrum of industries in areas such as heating, ventilation and air conditioning, refrigeration, electro-mechanical projects, textile machinery, mining and construction equipment, water management & treatment, cold chain solutions, building management systems, and indoor air quality.

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Tata Communications jumps after Q1 results
Aug 02,2016

The result was announced after market hours yesterday, 1 August 2016.

Meanwhile, the S&P BSE Sensex was up 41.25 points, or 0.15%, to 28,044.37 .

On BSE, so far 1.79 lakh shares were traded in the counter, compared with an average daily volume of 54,042 shares in the past one quarter. The stock hit a high of Rs 471.30 and a low of Rs 436 so far during the day. The stock hit a 52-week high of Rs 498 on 7 July 2016. The stock hit a 52-week low of Rs 325.70 on 29 February 2016. The stock had underperformed the market over the past one month till 1 August 2016, falling 9.51% compared with 3.16% rise in the Sensex. The scrip had outperformed the market in past one quarter, rising 4.94% as against Sensexs 9.36% rise.

The large-cap company has an equity capital of Rs 285 crore. Face value per share is Rs 10.

Consolidated earnings include exceptional loss of Rs 92 crore in Q1 June 2016 representing the impairment of Neotel goodwill. On 28 June 2016, Tata Communications announced selling its majority stake in South African internet service provider Neotel to Econet Wireless Global for ZAR 6.55 billion.

Consolidated earnings before interest, taxes, depreciation and amortization (EBITDA) rose 18.3% to Rs 863 crore in Q1 June 2016 over Q1 June 2015 on the back of strong performance by data services and aided by voice solutions.

The voice solutions revenue dropped 14.85% to Rs 1801.82 crore in Q1 June 2016 over Q1 June 2015. Data services revenue rose 13% to Rs 2505.01 crore in Q1 June 2016 over Q1 June 2015.

The company said that in line with its strategy, revenue and EBITDA have shown a healthy trend over the last few quarters. The company is seeing a clear shift in its business mix with revenue from data services contributing 56% to gross revenue and 78% to EBITDA.

Tata Communications along with its subsidiaries is a leading global provider of communications.

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Tata Communications jumps after announcing Q1 results
Aug 02,2016

The result was announced after market hours yesterday, 1 August 2016.

Meanwhile, the S&P BSE Sensex was up 41.25 points, or 0.15%, to 28,044.37.

On BSE, so far 1.79 lakh shares were traded in the counter, compared with an average daily volume of 54,042 shares in the past one quarter. The stock hit a high of Rs 471.30 and a low of Rs 436 so far during the day. The stock hit a 52-week high of Rs 498 on 7 July 2016. The stock hit a 52-week low of Rs 325.70 on 29 February 2016. The stock had underperformed the market over the past one month till 1 August 2016, falling 9.51% compared with 3.16% rise in the Sensex. The scrip had, however, outperformed the market in past one quarter, rising 4.94% as against Sensexs 9.36% rise.

The large-cap company has an equity capital of Rs 285 crore. Face value per share is Rs 10.

The bottom line was adversely impacted by an exceptional one-time write off of Rs 92 crore in Q1 June 2016 on account of impairment of goodwill in South African communications network operator Neotel. It may be recalled that Tata Communications had on 28 June 2016 announced selling its majority stake in Neotel to Liquid Telecom, a pan-African telecoms group, majority owned by Econet Wireless Global.

Earnings before interest, taxes, depreciation and amortization (EBITDA) rose 18.3% to Rs 863 crore in Q1 June 2016 over Q1 June 2015 on the back of strong performance by data services and aided by voice solutions.

The company said in statement that in line with its strategy, revenue and EBITDA have shown a healthy trend over the last few quarters. The company is seeing a clear shift in its business mix with revenue from data services contributing 56% to gross revenue and 78% to EBITDA.

Tata Communications along with its subsidiaries provide managed solutions to multinational enterprises, services providers and Indian customers.

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JMT Auto gains as board to consider stock-split proposal
Aug 02,2016

The announcement was made after market hours yesterday, 1 August 2016.

Meanwhile, the S&P BSE Sensex was up 51.36 points or 0.18% at 28,054.48

On BSE, so far 5.58 lakh shares were traded in the counter as against average daily volume of 64,537 shares in the past one quarter. The stock hit a high of Rs 55.90 and a low of Rs 52.20 so far during the day. The stock had hit a record high of Rs 146 on 10 August 2015. The stock had hit a 52-week low of Rs 35.70 on 24 June 2016. The stock had outperformed the market over the past one month till 1 August 2016, gaining 30.79% compared with 3.16% rise in the Sensex. The scrip, however, underperformed the market in past one quarter, sliding 2.84% as against Sensexs 9.36% rise.

The small-cap company has an equity capital of Rs 50.38 crore. Face value per share is Rs 2.

JMT Autos net profit rose 39.5% to Rs 3.92 crore on 3.5% growth in net sales to Rs 88.48 crore in Q4 March 2016 over Q4 March 2015.

JMT Auto is one of the largest auto component manufacturers in the Eastern region with proven capabilities in heat treatment and gear manufacturing besides a variety of components for oil and gas industry.

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TVS Motor rises after announcing robust sales in July
Aug 02,2016

The company announced the monthly sales volume data after market hours yesterday, 1 August 2016.

Meanwhile, the S&P BSE Sensex was up 93.57 points, or 0.33%, to 28,096.69

On BSE, so far 1.15 lakh shares were traded in the counter, compared with average daily volume of 1.96 lakh shares in the past one quarter. The stock hit a high of Rs 300 and a low of Rs 295.05 so far during the day. The stock hit a record high of Rs 340.90 on 20 April 2016. The stock hit a 52-week low of Rs 201 on 24 August 2015. The stock had underperformed the market over the past one month till 1 August 2016, falling 4.99% compared with 3.16% rise in the Sensex. The scrip had also underperformed the market in past one quarter, sliding 7.8% as against Sensexs 9.36% rise.

The large-cap company has an equity capital of Rs 47.51 crore. Face value per share is Re 1.

TVS Motor Companys total two-wheeler sales rose 15.4% to 2.40 lakh units in July 2016 over July 2015. Domestic two-wheeler sales rose 18.7% to 2.06 lakh units in July 2016 over July 2015. Scooter sales fell 2.28% to 68,033 units in July 2016 over July 2015. Motorcycle sales rose 23% to 95,062 units in July 2016 over July 2015. Three-wheeler sales fell 22.54% to 7,960 units in July 2016 over July 2015. Total exports fell 5.82% to 40,192 units in July 2016 over July 2015. Three-wheeler exports fell 1.49% to 33,437 units in July 2016 over July 2015.

TVS Motor Companys net profit rose 21.2% to Rs 121.25 crore on 12.1% growth in net sales to Rs 2852.59 crore in Q1 June 2016 over Q1 June 2015.

TVS Motor Company manufactures motorcycles, scooters, mopeds and auto rickshaws.

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TVS Motor gains after announcing decent growth in sales in July
Aug 02,2016

The company announced the monthly sales volume data after market hours yesterday, 1 August 2016.

Meanwhile, the S&P BSE Sensex was up 93.57 points, or 0.33%, to 28,096.69

On BSE, so far 1.15 lakh shares were traded in the counter, compared with average daily volume of 1.96 lakh shares in the past one quarter. The stock hit a high of Rs 300 and a low of Rs 295.05 so far during the day. The stock hit a record high of Rs 340.90 on 20 April 2016. The stock hit a 52-week low of Rs 201 on 24 August 2015. The stock had underperformed the market over the past one month till 1 August 2016, falling 4.99% compared with 3.16% rise in the Sensex. The scrip had also underperformed the market in past one quarter, sliding 7.8% as against the Sensexs 9.36% rise.

The large-cap company has an equity capital of Rs 47.51 crore. Face value per share is Re 1.

TVS Motor Companys total two-wheeler sales rose 15.4% to 2.40 lakh units in July 2016 over July 2015. Domestic two-wheeler sales rose 18.7% to 2.06 lakh units in July 2016 over July 2015. Scooter sales fell 2.28% to 68,033 units in July 2016 over July 2015. Motorcycle sales rose 23% to 95,062 units in July 2016 over July 2015. Three-wheeler sales fell 22.54% to 7,960 units in July 2016 over July 2015. Total exports fell 5.82% to 40,192 units in July 2016 over July 2015. Exports of two-wheelers fell 1.49% to 33,437 units in July 2016 over July 2015.

TVS Motor Companys net profit rose 21.2% to Rs 121.25 crore on 12.1% growth in net sales to Rs 2852.59 crore in Q1 June 2016 over Q1 June 2015.

TVS Motor Company manufactures motorcycles, scooters, mopeds and auto rickshaws.

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InterGlobe Aviation tumbles after weak Q1 outcome
Aug 02,2016

Meanwhile, the S&P BSE Sensex was up 89.23 points, or 0.32%, to 28,092.35 .

On BSE, so far 1.41 lakh shares were traded in the counter, compared with an average daily volume of 66,513 shares in the past one quarter. The stock hit a high of Rs 947.25 and a low of Rs 906 so far during the day. The stock hit a record high of Rs 1,395.50 on 1 January 2016. The stock hit a record low of Rs 702 on 11 February 2016. The stock had underperformed the market over the past one month till 1 August 2016, falling 3.53% compared with 3.16% rise in the Sensex. The scrip had also underperformed the market in past one quarter, falling 9.16% as against Sensexs 9.36% rise.

The large-cap company has an equity capital of Rs 361.20 crore. Face value per share is Rs 10.

InterGlobe Aviations earnings before interest, taxes, depreciation, amortization, and restructuring or rent costs (EBITDAR) fell 1.47% to Rs 1554 crore in Q1 June 2016 overe Q1 June 2015. EBITDAR margin was reported at 33.9% in Q1 June 2016, lower than 37.4% in Q1 June 2015. The airlines other operating income grew 48.5% to Rs 33.66 crore in Q1 June 2016 over Q1 June 2015.

The average fare for the airline declined 10.9% to Rs 4032 in Q1 June 2016 from Rs 4524 in Q1 June 2015. Passengers increased by 20% to 9.85 million in Q1 June 2016 over Q1 June 2015. Load factor, however, declined to 83.3% in Q1 June 2016 from Rs 87.9% in Q1 June 2015.

InterGlobe Aviation is the operator of low cost passenger airline IndiGo which is Indias largest airline with a market share of 38.10% in June 2016.

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InterGlobe Aviation hits air pocket over weak Q1 earnings
Aug 02,2016

Meanwhile, the S&P BSE Sensex was up 89.23 points, or 0.32%, to 28,092.35.

On BSE, so far 1.41 lakh shares were traded in the counter, compared with an average daily volume of 66,513 shares in the past one quarter. The stock hit a high of Rs 947.25 and a low of Rs 906 so far during the day. The stock hit a record high of Rs 1,395.50 on 1 January 2016. The stock hit a record low of Rs 702 on 11 February 2016. The stock had underperformed the market over the past one month till 1 August 2016, falling 3.53% compared with 3.16% rise in the Sensex. The scrip had also underperformed the market in past one quarter, falling 9.16% as against the Sensexs 9.36% rise.

The large-cap company has an equity capital of Rs 361.20 crore. Face value per share is Rs 10.

InterGlobe Aviations earnings before interest, taxes, depreciation, amortization and aircraft and engine rentals (EBITDAR) fell 1.46% to Rs 1553.76 crore in Q1 June 2016 over Q1 June 2015. The EBITDAR margin fell sharply to 33.9% in Q1 June 2016 from 37.4% in Q1 June 2015.

InterGlobe Aviation attributed the decline in profit margins on year-on-year basis to competitive fare pressures. Its average fare declined 10.9% to Rs 4,032 in Q1 June 2016 from Rs 4,524 in Q1 June 2015. The total passengers carried by the airline increased by 20% to 9.85 million in Q1 June 2016 over Q1 June 2015. Load factor, however, declined to 83.3% in Q1 June 2016 from Rs 87.9% in Q1 June 2015.

In a press release announcing the first quarter results, InterGlobe Aviation stated that the operation of A320neo planes in its fleet continues to be a challenge. The company is looking at slowing down taking deliveries of A320neo planes to allow the manufacturer of the engines for the A320neo planes to catch up on the production of upgraded engines.

InterGlobe Aviation is the operator of low cost passenger airline IndiGo which is Indias largest airline with a market share of 38.10% in June 2016.

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Hero MotoCorp advances after good July sales volume data
Aug 02,2016

The company announced the monthly sales volume data after market hours yesterday, 1 August 2016.

Meanwhile, the S&P BSE Sensex was up 116.42 points, or 0.42%, to 28,119.54

On BSE, so far 16,975 shares were traded in the counter, compared with average daily volume of 24,269 shares in the past one quarter. The stock hit a high of Rs 3,279 and a low of Rs 3,201.95 so far during the day. The stock hit a record high of Rs 3,395 yesterday, 1 August 2016. The stock hit a 52-week low of Rs 2,259.10 on 7 September 2015. The stock had underperformed the market over the past one month till 1 August 2016, rising 1.34% compared with 3.16% rise in the Sensex. The scrip had, however, outperformed the market in past one quarter, gaining 10.96% as against Sensexs 9.36% rise.

The large-cap company has an equity capital of Rs 39.94 crore. Face value per share is Rs 2.

Hero MotoCorp said that the company continues to dominate the 125cc space, with robust contributions from popular 125cc motorcycles Glamour and Super Splendor in addition to leadership in the 100cc segment. In the scooter segment, Maestro Edge and Duet also maintained their growth trajectory in July 2016, Hero MotoCorp said.

In July 2016, Hero MotoCorp commenced retail sales of Splendor iSmart 110 - the first motorcycle to have been completely designed and developed by its in-house Research and development (R&D) at the state-of-the-art, world class Hero Centre of Innovation and Technology in Jaipur. The initial customer response to the new bike has been positive, the company said. With the above average monsoon and implementation of the seventh pay commission recommendations, the company remains cautiously optimistic about a positive turnaround in the industry in the second half of the year, it added.

Hero MotoCorp will declare its Q1 June 2016 result on 8 August 2016. The companys net profit rose 70.9% to Rs 814.16 crore on 10.6% increase in total income to Rs 7614.61 crore in Q4 March 2016 over Q4 March 2015.

Hero MotoCorp is the worlds largest two-wheeler manufacturer in terms of production capacity.

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Hero MotoCorp advances after reporting modest growth in July sales
Aug 02,2016

The company announced the monthly sales volume data after market hours yesterday, 1 August 2016.

Meanwhile, the S&P BSE Sensex was up 116.42 points, or 0.42%, to 28,119.54

On BSE, so far 16,975 shares were traded in the counter, compared with average daily volume of 24,269 shares in the past one quarter. The stock hit a high of Rs 3,279 and a low of Rs 3,201.95 so far during the day. The stock hit a record high of Rs 3,395 yesterday, 1 August 2016, ahead of the announcement of the monthly sales volume data for July 2016. The stock hit a 52-week low of Rs 2,259.10 on 7 September 2015. The stock had underperformed the market over the past one month till 1 August 2016, rising 1.34% compared with 3.16% rise in the Sensex. The scrip had, however, outperformed the market in past one quarter, gaining 10.96% as against Sensexs 9.36% rise.

The large-cap company has an equity capital of Rs 39.94 crore. Face value per share is Rs 2.

Hero MotoCorp said that the company continues to dominate the 100 cc and 125 cc motorcycles segments. In the scooter segment, the Maestro Edge and Duet models maintained their growth trajectory in July 2016, Hero MotoCorp said.

In July 2016, Hero MotoCorp commenced retail sales of Splendor iSmart 110 - the first motorcycle to have been completely designed and developed by its in-house Research and development (R&D) at the state-of-the-art Hero Centre of Innovation and Technology in Jaipur. The company said that the initial customer response to the new bike has been positive.

With the above average monsoon and implementation of the seventh pay commission recommendations, the company remains cautiously optimistic about a positive turnaround in the two-wheeler industry in the second half of the year, Hero MotoCorp said in a statement.

The companys net profit rose 70.9% to Rs 814.16 crore on 10.6% increase in total income to Rs 7614.61 crore in Q4 March 2016 over Q4 March 2015. Hero MotoCorp is scheduled to announce its Q1 June 2016 result on 8 August 2016.

Hero MotoCorp is the worlds largest two-wheeler manufacturer in terms of production capacity.

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Bajaj Auto gains after announcing July sales volume data
Aug 02,2016

The company announced the monthly sales volume data during trading hours.

Meanwhile, the S&P BSE Sensex was up 161.72 points, or 0.58%, to 28,150.60

On BSE, so far 12,760 shares were traded in the counter, compared with an average daily volume of 22,947 shares in the past one quarter. The stock was volatile. The stock rose as much as 1.52% at the days high of Rs 2,777 so far during the day. The stock fell as much as 0.3% at the days low of Rs 2,727 so far during the day. The stock hit a record high of Rs 2,801.05 on 21 July 2016. The stock hit a 52-week low of Rs 2,133.15 on 26 August 2015. The stock had underperformed the market over the past one month till 1 August 2016, rising 2.49% compared with 3.16% rise in the Sensex. The scrip had, however, outperformed the market in past one quarter, gaining 10.09% as against Sensexs 9.36% rise.

The large-cap company has an equity capital of Rs 289.37 crore. Face value per share is Rs 10.

Bajaj Autos total motorcycles sales rose 1% to 2.85 lakh units in July 2016 over July 2015. Domestic motorcycles sales rose 21% to 1.74 lakh units in July 2016 over July 2015. Motorcycle exports fell 20% to 1.11 lakh units in July 2016 over July 2015.

Sales of commercial vehicles in the domestic market rose 8% to 23,698 units in July 2016 over July 2015. Exports of commercial vehicles fell 21% to 20,608 units in July 2016 over July 2015.

Total sales of motorcycles and commercial vehicles in the domestic market rose 20% to 1.98 lakh units in July 2016 over July 2015. Combined exports of motorcycles and commercial vehicles fell 20% to 1.31 lakh units in July 2016 over July 2015.

Bajaj Autos consolidated net profit rose 13.8% to Rs 1039.70 crore on 3.4% increase in total income to Rs 6015.04 crore in Q1 June 2016 over Q1 June 2015.

Bajaj Auto is one of the leading two-and three-wheeler manufacturers in India.

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Delta Corp hits 52-week high after turnaround Q1 outcome
Aug 02,2016

The result was announced after market hours yesterday, 1 August 2016.

Meanwhile, the S&P BSE Sensex was up 114.99 points, or 0.41%, to 28,118.11

On BSE, so far 22.81 lakh shares were traded in the counter, compared with an average daily volume of 4.03 lakh shares in the past one quarter. The stock hit a high of Rs 106.80 in intraday trade so far, which is 52-week high for the counter. The stock hit a low of Rs 100.35 so far during the day. The stock hit a 52-week low of Rs 49 on 29 February 2016. The stock had outperformed the market over the past one month till 1 August 2016, rising 3.88% compared with 3.16% rise in the Sensex. The scrip had also outperformed the market in past one quarter, gaining 19.28% as against Sensexs 9.36% rise.

The small-cap company has an equity capital of Rs 23.07 crore. Face value per share is Re 1.

Delta Corps total income rose 39.3% to Rs 114.10 crore in Q1 June 2016 over Q1 June 2015.

Delta Corp attributed the strong Q1 June 2016 results to better targeted marketing and getting on board the right customers, resulting in a stable income flow; increasing customer numbers and Goa, where the bulk of the companys operations lie, has become a year-round destination rather than seasonal. This has boosted revenues and positively impacted profitability, Delta Corp said.

Delta Corp Chairman Jaydev Mody said that the companys businesses are gaining a strong foothold. The income streams are steady and are bound to translate into greater revenue and growth in the months to come, Jaydev Mody said. The company is confident that this momentum will continue, he added.

Delta Corp is the largest and only listed company in the gaming and hospitality segment in India. It holds three of the six issued offshore gaming licences in Goa and has an integrated casino resort in Daman. The company also has three luxury hotel properties in Goa n++ Deltin Suites, Deltin Palms and Villa Marina by Deltin.

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Sun Pharma gains after USFDA approval for Glumetza generic
Aug 02,2016

The announcement was made during market hours today, 2 August 2016.

Meanwhile, the S&P BSE Sensex was up 74.32 points, or 0.27%, to 28,077.44.

On BSE, so far 50,000 shares were traded in the counter, compared with an average daily volume of 2.86 lakh shares in the past one quarter. The stock hit a high of Rs 848 and a low of Rs 838 so far during the day. The stock hit a 52-week high of Rs 965.15 on 20 August 2015. The stock hit a 52-week low of Rs 706.40 on 24 November 2015. The stock had outperformed the market over the past one month till 1 August 2016, rising 9.31% compared with 3.16% rise in the Sensex. The scrip had underperformed the market in past one quarter, rising 2.93% as against Sensexs 9.36% rise.

The large-cap company has an equity capital of Rs 240.68 crore. Face value per share is Re 1.

Sun Pharma said that the drug is likely to be commercially launched in the US over the next few weeks. Glumetza tablets are indicated to improve glycemic control in adults with type 2 diabetes mellitus. As per IMS MAT June 2016 data, Glumetza tablets had annual sales of approximately $1.2 billion in the US.

Sun Pharmaceutical Industries consolidated net profit rose 92.7% to Rs 1713.69 crore on 21.5% growth in net sales to Rs 7413.87 crore in Q4 March 2016 over Q4 March 2015. The company is scheduled to announce Q1 results on 12 August 2016.

Sun Pharmaceutical Industries is the worlds fifth largest specialty generic pharmaceutical company and Indias top pharmaceutical company.

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Tech Mahindra gains after Q1 results
Aug 02,2016

The result was announced after market hours yesterday, 1 August 2016.

Meanwhile, the S&P BSE Sensex was up 101.06 points, or 0.36%, to 28,104.18.

On BSE, so far 2.29 lakh shares were traded in the counter, compared with an average daily volume of 1.45 lakh shares in the past one quarter. The stock hit a high of Rs 509.85 and a low of Rs 485.25 so far during the day. The stock hit a 52-week high of Rs 581.95 on 28 September 2015. The stock hit a 52-week low of Rs 407.50 on 29 February 2016. The stock had underperformed the market over the past one month till 1 August 2016, falling 4.29% compared with 3.16% rise in the Sensex. The scrip had also underperformed the market in past one quarter, rising 0.51% as against Sensexs 9.36% rise.

The large-cap company has an equity capital of Rs 485.77 crore. Face value per share is Rs 5.

Consolidated earnings before interest, taxes, depreciation and amortization (EBITDA) fell 10.59% to Rs 1029 crore in Q1 June 2016 over Q4 March 2016. The active client count stood at 818 in Q1 June 2016.

Vineet Nayyar, Vice Chairman, Tech Mahindra, said that the company has had a steady quarter inspite of the seasonal weakness in the mobility business. The company looks forward to continuing our journey of improving the profitability of our business.

C P Gurnani, Managing Director & CEO, Tech Mahindra said that the business has done well on several parameters like large client growth, digital wins and strong cash flows. Automation and Delivery Excellence are two key focus areas for the year going forward, he added.

Tech Mahindra is a specialist in digital transformation, consulting and business re-engineering solutions.

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Tech Mahindra shrugs off weak Q1 results
Aug 02,2016

The result was announced after market hours yesterday, 1 August 2016.

Meanwhile, the S&P BSE Sensex was up 101.06 points, or 0.36%, to 28,104.18.

On BSE, so far 2.29 lakh shares were traded in the counter, compared with an average daily volume of 1.45 lakh shares in the past one quarter. The stock hit a high of Rs 509.85 and a low of Rs 485.25 so far during the day. The stock hit a 52-week high of Rs 581.95 on 28 September 2015. The stock hit a 52-week low of Rs 407.50 on 29 February 2016. The stock had underperformed the market over the past one month till 1 August 2016, falling 4.29% compared with 3.16% rise in the Sensex. The scrip had also underperformed the market in past one quarter, rising 0.51% as against Sensexs 9.36% rise.

The large-cap company has an equity capital of Rs 485.77 crore. Face value per share is Rs 5.

Earnings before interest, taxes, depreciation and amortization (EBITDA) fell 10.59% to Rs 1029.10 crore in Q1 June 2016 over Q4 March 2016. The EBIDTA margin fell sharply to 14.9% in Q1 June 2016 from 16.7% in Q4 March 2016.

Commenting on the first quarter results, Vineet Nayyar, Vice Chairman, Tech Mahindra, said that the company had a steady quarter inspite of the seasonal weakness in the mobility business. The management expects improvement of the companys profitability going ahead, Nayyar said.

Commenting on the first quarter results, C P Gurnani, Managing Director & CEO, Tech Mahindra said that the business has done well on several parameters like large client growth, digital wins and strong cash flows. Automation and delivery excellence are two key focus areas for the year going forward, he added.

Tech Mahindra is a specialist in digital transformation, consulting and business re-engineering solutions.

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