Tech Mahindra shares traded at ₹1,562.30 in early hours on May 22, 2025, reflecting a cautious but steady sentiment among investors. The stock’s six-month beta of 0.1656 underscores its reputation as a defensive play, appealing to those seeking stability in a volatile market environment.
Key Highlights:
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Defensive Stock Profile: With a beta of just 0.1656 over the last six months, Tech Mahindra exhibits low correlation with broader market swings, making it a preferred choice for risk-averse investors seeking shelter from volatility.
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Live Price Action: The stock opened at ₹1,589.70, slightly below its previous close of ₹1,598.20, and touched a low of ₹1,558.00 in early trading. The average price hovered around ₹1,566.87, with volumes at 143,935 shares.
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Valuation and Metrics: Tech Mahindra’s market capitalization stands at ₹1,56,463 crore, with a price-to-earnings (PE) ratio of 36.8 and a dividend yield of 2.82%. The company maintains a strong sectoral ranking and healthy financials, spending less than 1% of operating revenues on interest expenses.
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Technical Signals: Recent technical indicators show a bullish trend, with a 5-day moving average crossover and a positive MACD signal, suggesting potential for modest gains in the short term.
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Historical Performance: Despite recent short-term weakness (down 0.31% in a week and 3.11% over three months), Tech Mahindra’s defensive nature has helped it weather broader market corrections better than its peers.
With its low beta and strong fundamentals, Tech Mahindra continues to attract investors looking for a safe harbor in uncertain times.
Sources: Economic Times, Moneycontrol, Dhan