Tech Mahindra maintains edge over Wipro in September quarter
Tech Mahindra left its position unchanged.
· LiveMint Companies
While Wipro reported its slowest second-quarter growth in three years, Tech Mahindra reported its fastest second-quarter growth in the same period.
The analysis
Against that, the stock is +1.2% on the day at ₹1,790.80, and has returned +7.3% over three months. It is trading close to its 52-week high, so expectations were already elevated going in. The it sector has moved -3.1% over the same period, so Tech Mahindra is running 10.4 points ahead of its peers.
For Tech Mahindra, the question is how much of this is already reflected in the price and how much re-rates the it peer set alongside it.
Market context
- In focus: Tech Mahindra (TECHM), in IT.
- On the day, 2 of 2 are higher: Wipro leads at +4.3% and Tech Mahindra trails at +1.2%.
- Over three months: Tech Mahindra +7.3% against IT -3.1% (10.4 points ahead); Wipro +6.4% against IT -3.1% (9.5 points ahead).
- At least 25% below the 52-week high: Wipro (27%).
| Company | Price | Day | 1M | 3M | From 52-wk high | Volume vs 20-day | Market cap |
|---|---|---|---|---|---|---|---|
| Tech MahindraTECHM · IT | ₹1,790.80 | +1.2% | +17.5% | +7.3% | -2.4% | 0.7× | — |
| WiproWIPRO · IT | ₹198.31 | +4.3% | +25.1% | +6.4% | -27.3% | 1.3× | — |
IT
1M +5.2% · 3M -3.1%
Tech Mahindra, Wipro
Prices as of 30 Oct 2026, 16:11 IST. Sector moves are the average of the stocks we track in each sector.
In this story
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