Multibagger IT Software Stock, Trading At 43% Discount, Fixes Record Date For Interim Dividend

Tech Mahindra Ltd has fixed record date for interim dividend and the date is November 10, 2022. The large cap company operates in IT Software sector and came into existence in 1986. Currently, the stock of Tech Mahindra is trading at 43% discount from its 52-week high level. Check key takeaways below:

1. Tech Mahindra Ltd Sets Record Date For Interim Dividend

The board of directors of Tech Mahindra has fixed the record date for interim dividend. According to the company's BSE filing, Pursuant to Regulation 42(2) the Company has fixed 10th November, 2022 as the record date for determining the members entitled to receive the Interim dividend, if approved by the Board.

It is worth noting that the payment of Interim Dividend will be considered by the Board on 1 st November, 2022. Further pursuant to Regulation 42(2) the Company has fixed 10th November, 2022 as the record date for determining the members entitled to receive the Interim dividend, if approved by the Board.

2. Tech Mahindra Stock Outlook

The last trading price of Tech Mahindra is Rs 1041 apiece. The stock's 52-week high is Rs 1837 apiece and 52-week low is Rs 944 apiece, respectively. The large cap company has a market capitalisation of Rs 1,01,330.22 crore.

3. Tech Mahindra 5 Years Return

The stock has given 127% return in 5 years and 41% return in last 3-years. It has declined 31% in last 1 year.

4. About Tech Mahindra

Tech Mahindra offers innovative and customer-centric digital experiences, enabling enterprises, associates and the society to Rise. It is a USD 6 billion organization with 158,000+ professionals across 90 countries helping 1262 global customers, including Fortune 500 companies.

It is focused on leveraging next-generation technologies including 5G, Blockchain, Quantum Computing, Cybersecurity, Artificial Intelligence, and more, to enable end-to-end digital transformation for global customers, according to its official website.