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HCL Technologies Ltd fell 8.66% today to trade at Rs 1316.7. The BSE Information Technology index is down 3.02% to quote at 29710.42. The index is up 5.78 % over last one month. Among the other constituents of the index, VL E-Governance & IT Solutions Ltd decreased 4.23% and Tech Mahindra Ltd lost 4.16% on the day. The BSE Information Technology index went down 11.32 % over last one year compared to the 0.77% fall in benchmark SENSEX.
HCL Technologies Ltd has lost 3.07% over last one month compared to 5.78% gain in BSE Information Technology index and 8.64% rise in the SENSEX. On the BSE, 2.5 lakh shares were traded in the counter so far compared with average daily volumes of 1.98 lakh shares in the past one month. The stock hit a record high of Rs 1770 on 03 Feb 2026. The stock hit a 52-week low of Rs 1275.7 on 16 Mar 2026.
For the full year,net profit rose 13.16% to Rs 4810.90 crore in the year ended March 2026 as against Rs 4251.50 crore during the previous year ended March 2025. Sales rose 7.22% to Rs 56815.40 crore in the year ended March 2026 as against Rs 52988.30 crore during the previous year ended March 2025.
Revenue came in at Rs 15,076.1 crore, up 12.6% YoY and 4.7% QoQ, versus Rs 13,384.0 crore a year ago and Rs 14,393.2 crore in the previous quarter.
At the operating level, EBITDA stood at Rs 2,565.3 crore in Q4 FY26, up 37.4% YoY and 8.4% QoQ. EBIT stood at Rs 2,084 crore during the quarter, up 10.2% QoQ, up 48.3% YoY.
Profit before tax stood at Rs 1,790.6 crore in Q4 FY26, up 22.3% YoY and 0.7% QoQ.
On the cost front, cost of services rose 9.7% YoY and 3.7% QoQ to Rs 10,401.8 crore, while SG&A expenses increased 3.6% YoY and 5.5% QoQ to Rs 2,109.0 crore. Depreciation and amortisation rose 4.1% YoY and 1.6% QoQ to Rs 481.1 crore.
Other income turned negative at Rs (204.7) crore during the quarter, compared with a positive Rs 172.7 crore in Q4 FY25, weighing slightly on overall profitability.
For the full year, Tech Mahindra reported a consolidated net profit of Rs 4,810.9 crore in FY26, up 13.2% from Rs 4,253.0 crore in FY25. Revenue rose 7.2% to Rs 56,815.4 crore, while profit before tax increased 21.1% to Rs 6,845.5 crore from Rs 5,653.2 crore last year. EBIT was at Rs 7,152 crore, up 39.2% YoY.
The company reported strong deal momentum, with new deal wins at $3,794 million, up 41.6% YoY, marking the highest in the past five years.
Operationally, total headcount stood at 147,623, down by 1,108 employees YoY. LTM IT attrition was at 12.1%, while days sales outstanding stood at 89 days. Cash and cash equivalents at the end of the quarter were Rs 8,456 crore.
Tech Mahindra is a leading global provider of technology consulting and digital solutions, serving enterprises across industries with a strong presence in telecom, enterprise, and digital transformation services.
Shares of Tech Mahindra fell 1.89% to Rs 1,472, recovering from the day’s low of Rs 1,404.25.
Tech Mahindra Ltd rose for a third straight session today. The stock is quoting at Rs 1510.4, up 1.3% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 0.31% on the day, quoting at 24272.2. The Sensex is at 78203, up 0.27%. Tech Mahindra Ltd has added around 9.04% in last one month.
Meanwhile, Nifty IT index of which Tech Mahindra Ltd is a constituent, has added around 7.3% in last one month and is currently quoting at 31817.5, down 0.31% on the day. The volume in the stock stood at 10.91 lakh shares today, compared to the daily average of 24.66 lakh shares in last one month.
The benchmark April futures contract for the stock is quoting at Rs 1510.6, up 1.71% on the day. Tech Mahindra Ltd is up 9.97% in last one year as compared to a 0.61% gain in NIFTY and a 7.08% gain in the Nifty IT index.
The PE of the stock is 34.75 based on TTM earnings ending December 25.
Orange Business and Tech Mahindra today announced that they have entered exclusive negotiations to form a non-equity, global strategic partnership to help enterprises accelerate their digital transformation. The proposed collaboration establishes a strategic go-to-market approach, emphasizing increased regional collaboration, product innovation and the further utilization of existing platforms to deliver secure, scalable and AI-powered solutions, increasingly in-demand by global organizations. This partnership would also include outsourcing a portion of Orange Business global customer support, quote-to-bill operations and post-sales teams outside France to Tech Mahindra.
“This proposed strategic partnership brings Orange Business and Tech Mahindra together to shape the future of enterprise connectivity and digital experiences. Guided by a shared commitment to Grow, Empower, and Transform the industry, we will unite our complementary strengths to help enterprises accelerate digital transformation and unlock spectrum of possibilities in an increasingly connected world,” said Mohit Josh, CEO & Managing Director of Tech Mahindra.
Tech Mahindra Ltd is down for a fifth straight session today. The stock is quoting at Rs 1343.2, down 6.78% on the day as on 13:19 IST on the NSE. The benchmark NIFTY is down around 1.13% on the day, quoting at 25422.6. The Sensex is at 82225.5, down 1.28%.Tech Mahindra Ltd has lost around 23.03% in last one month.Meanwhile, Nifty IT index of which Tech Mahindra Ltd is a constituent, has eased around 22.3% in last one month and is currently quoting at 31550.5, down 5.03% on the day. The volume in the stock stood at 42.06 lakh shares today, compared to the daily average of 23.51 lakh shares in last one month.
The benchmark February futures contract for the stock is quoting at Rs 1343.7, down 7.04% on the day. Tech Mahindra Ltd tumbled 15.73% in last one year as compared to a 12.75% rally in NIFTY and a 23.43% fall in the Nifty IT index.
The PE of the stock is 33.61 based on TTM earnings ending December 25.
Coforge Ltd rose 2.4% today to trade at Rs 1405.7. The BSE Teck index is up 0.75% to quote at 16781.98. The index is down 8.29 % over last one month. Among the other constituents of the index, HCL Technologies Ltd increased 1.78% and Tech Mahindra Ltd added 1.64% on the day. The BSE Teck index went down 9.31 % over last one year compared to the 10.58% surge in benchmark SENSEX.
Coforge Ltd has lost 16.92% over last one month compared to 8.29% fall in BSE Teck index and 2.18% rise in the SENSEX. On the BSE, 6545 shares were traded in the counter so far compared with average daily volumes of 1.04 lakh shares in the past one month. The stock hit a record high of Rs 1994 on 08 Jul 2025. The stock hit a 52-week low of Rs 1190.84 on 07 Apr 2025.
IT, realty and media stocks tumbled while metal and consumer durables shares managed to advance.
As per provisional closing data, the barometer index, the S&P BSE Sensex declined 558.72 points or 0.66% to 83,674.92. The Nifty 50 index fell 146.65 points or 0.57% to 25,807.20.
In the broader market, the BSE 150 MidCap Index dropped 0.46% and the BSE 250 SmallCap Index slipped 0.86%.
The market breadth was negative. On the BSE, 1,679 shares rose and 2,532 shares fell. A total of 174 shares were unchanged.
Direct Tax Collection Data:
The central government’s net direct tax collections, after accounting for refunds, stood at Rs 19.43 lakh crore so far this fiscal year, up 9.4% from a year earlier. Net corporate tax collection rose 14.51% to Rs 8.90 lakh crore, while taxes from non-corporates, including individuals and Hindu Undivided Families (HUFs), rose 5.91 % to about Rs 10.03 lakh crore.
Buzzing Index:
The Nifty IT index declined 5.73% to 33,083.45 amid concerns over artificial intelligence-led disruption and global macro uncertainty. The sharp fall followed the launch of a new artificial intelligence tool by US-based startup Anthropic, which recently introduced a product tailored for corporate legal teams. The sector was also weighed down by stronger-than-expected US jobs data, which dampened expectations of near-term interest rate cuts by the Federal Reserve and added to investor caution toward export-oriented technology stocks. Meanwhile, the index tanked 7.39% in the two consecutive trading sessions.
Coforge (down 6.48%), Tech Mahindra (down 6.25%), Oracle Financial Services Software (down 6.23%), Infosys (down 5.77%) and LTIMindtree (down 5.5%), Tata Consultancy Services (down 5.43%), Mphasis (down 4.83%), HCL Technologies (down 4.82%), Wipro (down 4.7%) and Persistent Systems (down 4.69%) declined.
Stocks in Spotlight:
Hindalco Industries rose 0.06%. The company said its wholly owned subsidiary Novelis Inc. has provided an update on the twin fire incidents at its Oswego plant in New York that occurred in September and November 2025. Novelis estimates the total free cash flow impact at $1.3-1.6 billion, which includes repair costs, operational downtime, working capital timing and other related expenses. The company said 70-80% of the free cash flow and adjusted EBITDA impact is expected to be recoverable through insurance, subject to policy terms, conditions and potential coverage disputes. No firm estimate for insurance recovery has been accrued at this stage. The Oswego hot mill is expected to restart by late Q2 calendar 2026.
Meanwhile, Novelis reported its Q3 earnings. The Hindalco subsidiary reported a net loss attributable to common shareholders of $160 million, compared with a net income of $110 million in the prior year, Net sales rose 3% YoY to $4.2 billion.
SJVN rose 1.18% after the company reported a 50.6% jump in consolidated net profit to Rs 224.38 crore in Q3 FY26, compared with Rs 149.03 crore in Q3 FY25. Revenue from operations surged 61.2% year-on-year to Rs 1,081.97 crore during the quarter under review, up from Rs 670.99 crore in the corresponding period last year.
Zydus Lifesciences rose 2.22% after the company announced a settlement agreement with Astellas Pharma Inc. in relation to Myrbetriq (generic name: Mirabegron) in the United States.
Lenskart Solutions surged 13.67% after the company reported 237.9% increase in consolidated net profit to Rs 132.7 crore on a 37.4% rise in revenue to Rs 2,307.7 crore in Q3 FY26 as compared with Q3 FY25.
Jupiter Wagons slipped 3.69% after its consolidated net profit tanked 35.28% to Rs 62.99 crore in Q3 FY26, compared with Rs 97.33 crore recorded in Q3 FY25. Revenue from operations fell 13.54% YoY to Rs 890.36 crore in the quarter ended 31 December 2025.
Bombay Dyeing & Manufacturing Company declined 2.84% after the company reported a consolidated net loss of Rs 9.85 crore in Q3 FY26, compared with a net profit of Rs 70.06 crore posted in Q3 FY25. Revenue from operations declined 21.9% year-on-year to Rs 324.02 crore in the quarter ended 31 December 2025.
LG Electronics India slipped 3.04% after the company reported 61.6% drop in consolidated net profit to Rs 89.67 crore on a 6.4% fall in net sales to Rs 4,114.39 crore in Q3 FY26 as compared with Q3 FY25.
Patanjali Foods shed 0.05%. The company has reported 60.0% increase in consolidated net profit to Rs 593.44 crore on a 16.5% increase in net sales to Rs 10,483.71 crore in Q3 FY26 as compared with Q3 FY25.
Global Market:
European market advanced as investors awaited for U.K. fourth quarter GDP and industrial production figures.
Most Asian market ended higher on Thursday, buoyed by Japan’s post-election rally to fresh highs, fueled by renewed confidence in domestic politics and the ruling administration’s economic agenda.
Japanese stocks extending its post-election rally to fresh highs, fueled by renewed confidence in domestic politics and the ruling administration’s economic agenda.
Media reports noted that Takaichi’s snap-election landslide gives her an unusually strong, multi-year mandate to execute policy, which they view as broadly supportive for Japan’s markets and corporate sector.
Overnight in the U.S., the Dow Jones Industrial Average snapped a three-day win streak after a better-than-expected January jobs report.
The blue-chip index lost 66.74 points, or 0.13%, and closed at 50,121.40. The S&P 500 was nearly flat at 6,941.47. The Nasdaq Composite dropped 0.16% to end at 23,066.47.
The Bureau of Labor Statistics’ January nonfarm payrolls report showed job growth of 130,000 in January. Media reports suggested that the job growth gains for January were estimated to be around 55,000. Jobs growth in December was downwardly revised to 48,000.
Strong labor market has reduced the odds for interest rate cuts by the Federal Reserve.
The jobs report follows weaker-than-expected consumer data released on Tuesday. That report showed that consumer spending in December was flat, missing the 0.4% monthly gain expected from economists polled by Dow Jones.