{"id":110559,"date":"2023-09-22T12:55:32","date_gmt":"2023-09-22T07:25:32","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=110559"},"modified":"2023-09-22T13:41:52","modified_gmt":"2023-09-22T08:11:52","slug":"mahindra-group-stock-with-low-debt-reaches-52-week-high-after-company-announces-plans-for-restructuring","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/mahindra-group-stock-with-low-debt-reaches-52-week-high-after-company-announces-plans-for-restructuring\/","title":{"rendered":"Mahindra group stock with low debt reaches 52-week high after company announces plans for restructuring"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-948218404\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>This IT stock under Mahindra Group reached its 52- week high after the company announced its recent restructuring plans to merge with its subsidiary company. The stock witnessed an uptrend growth in its price in the market today.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-2285930697\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p>Share price of Tech Mahindra opened at Rs. 1290.05 per share and gained 2% in Friday market to reach its 52- week high of Rs. 1318.90 levels. The stock returned 17.47% in the last six months and 24.79% in the last one year.<\/p><p>On 21 Sep 2023, the company approved its restructuring plan to merge Tech Mahindra Credit Solution (TMCSI) with its parent company Tech Mahindra Americas Inc. (TMA) which is a wholly owned material subsidiary of Tech Mahindra. The merger had taken place in order to enhance the company\u2019s operational risk and reduce its compliance risk.<\/p><p>As per its financial statements, the company has recorded reduction in both its revenue and net profits. It noted a revenue of Rs. 13,159 crore in Q1FY24, a decline of 4.07% from Rs. 13,718.2 crore in Q3FY24. Its net profit of Rs. 1,117 crore in Q3FY24 decreased 38% to Rs. 692.5 crore in Q1FY24. It has a low debt to equity ratio of 0.06 and maintains a good average ROE for the last three years of 19.71<\/p><div class=\"trade-content_5\" id=\"trade-1189098878\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>Tech Mahindra is a leading provider of information technology solutions and consulting services under the Mahindra Group. The company offers its services in multiple companies and is based in India. It started back in 1986. It provides its services for many upcoming technologies such as 5G, Cybersecurity, AI, etc.<\/p><p><strong>Written by Bhumika Khandelwal<\/strong><\/p><div class=\"trade-after-content\" id=\"trade-2881453300\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>This IT stock under Mahindra Group reached its 52- week high after the company announced its recent restructuring plans to merge with its subsidiary company. The stock witnessed an uptrend growth in its price in the market today.&nbsp; Share price of Tech Mahindra opened at Rs. 1290.05 per share and gained 2% in Friday market [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":22702,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[4865,31],"tags":[948,936,7298,12376,7299,12375],"class_list":["post-110559","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-analysis","category-news","tag-stock-market","tag-stock-market-news","tag-tech-mahindra-latest-news","tag-tech-mahindra-restructure","tag-tech-mahindra-share-price","tag-why-is-tech-mahindra-share-going-up"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Mahindra group stock with low debt reaches 52-week high after company announces plans for restructuring - Trade Brains Features<\/title>\n<meta name=\"description\" content=\"This IT stock under Mahindra Group reached its 52- week high after the company announced its recent restructuring plans to merge with its subsidiary company. 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