Mumbai: Tech Mahindra started with an increase on Tuesday, the second business day of the week. Tech Mahindra shares were seen trading more than 4% in early trade. The company played the role of top gainer on BSE's flagship index SENSEX. Tech Mahindra posted a profit of Rs 972.3 crore with an increase of 1.4% in the quarter ended June 2020.
A Mahindra has reported that the company had a net profit of Rs 959.3 crore in the same quarter of the previous fiscal year 2018-19. The consolidated income of the company increased by 5.2% to Rs 9,106 crore in the current financial year April-June quarter from Rs 8,653 crore in the same period last year. Tech Mahindra's profit per share (EPS) stood at Rs 11.07 for the quarter ended June 30, 2020. The number of employees of the company stood at 1,23,416 at the end of this quarter, which is 1,820 less than the previous quarter.
Talking about the Indian market, on Tuesday, the stock market started strong. In early trade, the Sensex rose by more than 200 points to reach the level of 38 thousand 100 points. Similarly, on the Nifty, it remained at a level of 11 thousand 200 points with a strength of about 80 points. During this time, the banking sector's share has increased.
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