{"id":868735,"date":"2024-10-22T08:06:34","date_gmt":"2024-10-22T02:36:34","guid":{"rendered":"https:\/\/telecomlive.in\/web\/?p=868735"},"modified":"2024-10-22T08:18:19","modified_gmt":"2024-10-22T02:48:19","slug":"tech-mahindra-shares-gain-over-3-after-company-beats-q2-estimate-should-you-buy-sell-or-hold","status":"publish","type":"post","link":"https:\/\/telecomlive.in\/web\/2024\/10\/22\/tech-mahindra-shares-gain-over-3-after-company-beats-q2-estimate-should-you-buy-sell-or-hold\/","title":{"rendered":"Tech Mahindra shares gain over 3% after company beats Q2 estimate; Should you Buy, Sell, or Hold?"},"content":{"rendered":"<p>Shares of Tech Mahindra gains over 3% to open at Rs 1,745 on NSE today after reporting a remarkable 153.1% year-on-year (YoY) jump in net profit for the second quarter of FY25, reaching Rs 1,250 crore. The company\u2019s revenue rose by 3.5% YoY to Rs 13,313 crore during the same period. <\/p>\n<p>Revenue Performance <\/p>\n<p>In constant currency terms, revenue grew by 0.7% QoQ and 1.2% YoY. However, revenue from the communications vertical declined by 1.7% YoY, while the banking, financial services, and insurance (BFSI) vertical posted a YoY growth of 4.5%. The technology, media, and entertainment segment saw a 2.4% rise in revenue.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Shares of Tech Mahindra gains over 3% to open at Rs 1,745 on NSE today after reporting a remarkable 153.1% year-on-year (YoY) jump in net profit for the second quarter of FY25, reaching Rs 1,250 crore. The company\u2019s revenue rose by 3.5% YoY to Rs 13,313 crore during the same period. Revenue Performance In constant currency terms, revenue grew by 0.7% QoQ and 1.2% YoY. However, revenue from the communications vertical declined by 1.7% YoY, while the banking, financial services, and insurance (BFSI) vertical posted a YoY growth of 4.5%. The technology, media, and entertainment segment saw a 2.4% rise [&hellip;]<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[63,4,12],"tags":[],"class_list":["post-868735","post","type-post","status-publish","format-standard","hentry","category-it-2-the-financial-express","category-newspapers","category-the-financial-express"],"acf":[],"_links":{"self":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/868735","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/comments?post=868735"}],"version-history":[{"count":0,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/868735\/revisions"}],"wp:attachment":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/media?parent=868735"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/categories?post=868735"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/tags?post=868735"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}