Tech Mahindra Ltd. Share Price

TCS Drags as Metal, Cement, and Realty Power the Close

Markets closed on a mixed note today, with the Nifty 50 gaining 75.80 points to hold above 23,300, while the Sensex ended almost flat. Buying in metal, cement, media, realty, and financial stocks kept the index in positive territory, but IT stocks stood out as the clear weak spot, dragging on sentiment throughout the session.

was the biggest loser among Nifty 50 stocks, falling over 4%, a sharp reversal that stands out even more given the Tata Sons boardroom controversy that's been dominating headlines around the group this week. The IT pack broadly struggled. Infosys declined 1.50%, HCL Tech fell 1.27%, and Tech Mahindra dropped 1.10%, a sector-wide pullback rather than a TCS-only story, though TCS clearly bore the brunt. Cyclicals and rate-sensitive sectors carried the index. Metal, cement, media, realty, and financials all saw buying interest, offsetting the IT drag and keeping the Nifty in the green. This looks like a rotation story, not broad weakness. Money moved out of IT and into domestic cyclical plays, a pattern that's shown up repeatedly this week, suggesting investors are actively repositioning rather than pulling back from equities altogether. The Tata Group overhang likely amplified TCS's fall. With Tata Sons facing a governance dispute over Chandrasekaran's reappointment, investor unease around the broader group may have added extra pressure on TCS beyond the sector-wide IT weakness.

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TCS Share Price: Tata stock slides 3% after Chandrasekaran

TCS Share Price: Shares of Tata Consultancy Services (TCS) dropped 3.6 per cent to a low of Rs 2,116 during Friday's intraday trade on the BSE. This comes a day after the Tata Sons board approved a fresh five-year term for N. Chandrasekaran as executive chairman and initiated the process for listing the group holding company. Also, the other IT stocks like Tech Mahindra, Wipro, Infosys, etc., witnessed a drop in their prices and made them losers in the Nifty 50. The Nifty IT index fell 1.33 per cent in which TCS held the lowest spot.

The nomination and remuneration committee asked Chandrasekaran to think over the re-appointment, citing his "contributions" to the Tata Group and its "larger interest", in a statement said Tata Sons. How was it decided to re-appoint Chandrasekaran, while rejecting Noel Tata's vote? Noel Tata is not in the favour of Chadrasekaran to be appointed at as Chairman again. The camp was depending on Article 121A of Tata Sons' Articles of Association, which governs trustee reappointments. It requires a majority of nominee directors to support a chairman's reappointmen

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Adidas Tech Layoffs: A Story of Cost Optimisation

Imagine a global sports brand looking at its technology operations and asking one simple question: That question is now playing out at Adidas’ India Technology organisation. Adidas has confirmed role reductions as part of an effort to simplify operations, strengthen critical capabilities and align technology with changing business needs. Reports suggest the Gurugram tech hub, with around 700 employees, could see a substantial reduction, although Adidas has not officially disclosed the exact number. When companies reduce internal technology teams, some technology work can potentially move toward **IT services, digital engineering, cloud, cybersecurity, data and outsourcing partners**. This creates an important theme for investors to study—not a guaranteed benefit for any individual company. • **

** – Large-scale IT services and digital transformation • **Infosys** – Enterprise technology and consulting • **HCL Technologies** – Engineering, cloud and technology services • **Tech Mahindra** – Digital transformation and technology outsourcing • **LTIMindtree** – Digital engineering and IT services • **Persistent Systems** – Digital engineering and cloud-focused services • **Coforge** – Digital services and technology transformation Corporate technology restructuring can create opportunities for external technology providers, but investors should analyse actual contracts, revenue exposure, margins and valuations before forming any view. Technology layoffs can reshape outsourcing demand, but investors should verify contracts, revenue exposure, margins, valuations and competitive positioning before investing. **Educational Disclaimer:** This post is strictly for educational and informational purposes and should not be construed as a stock tip, investment recommendation, research report, or solicitation to buy or sell securities. Investors should conduct independent research and consult a SEBI-registered investment professional where appropriate.

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Tech Mahindra's 3% yield: paid to wait for 15% margins

Tech Mahindra Limited (NSE: TECHM) paid a record ₹51 per share for FY26. At about ₹1,627, that is a yield near 3.1%, while margins keep climbing. What happened Q1 FY27 revenue rose 17.7% to ₹15,712 crore. Net profit grew 28.4% to ₹1,465 crore, though it came in below street estimates. EBIT margin rose to 14.4% from 11.1% a year ago. Deal wins hit $1,078 million, up 33%, the third straight billion-dollar quarter. Free cash flow was $167 million. Why it matters The dividend comes from a turnaround, not a mature cash cow. Margins have now expanded for 11 straight quarters. Management targets 15% EBIT margin in FY27. Every extra point of margin adds roughly ₹600 crore of yearly operating profit. My view Look past the rupee headline. In dollars, revenue grew only 6.1%. A weaker rupee did most of the work. So profit growth leans on cost cuts and currency, not strong demand. The payout is the catch. FY26 dividends were 104% of profit and 91% of free cash flow. The company cannot pay more than it earns for long. From here, the dividend grows only if profit grows. The good part: margin gains still have room. If EBIT margin reaches 15% and dollar growth holds near 6%, earnings can grow in the low teens. Add a 3% yield and holders get a fair return for waiting. At about 28 times trailing earnings, though, the stock is priced for that plan to work. What I am watching Q2 FY27 results in mid-October. Margin moving toward 15% and deal wins above $1 billion keep the story on track. On the chart, ₹1,500 has to hold. The 52-week high of ₹1,854 is the upside marker. My stance: Hold for income and recovery. Accumulate on dips near ₹1,500, not after a sharp rally. Disclosure: I do not hold a position in Tech Mahindra Limited at the time of writing. This is not investment advice.

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IT Slips as FMCG and Banks Drive the Recovery

Markets closed on a positive note today, with the Sensex settling at 74,303.16 and the Nifty at 23,224.15, clawing back a good chunk of yesterday's sharp losses. But the recovery was far from uniform, while consumption and banking names did the heavy lifting, IT stocks kept sliding, making TCS the standout loser of the session.

was the biggest drag on the Nifty, falling close to 3%, with Wipro, Tech Mahindra and Infosys also ending in the red. This extends a rough patch for the IT pack, which briefly looked like the market's safe haven earlier this week before reversing hard. FMCG and banking stocks carried the rally. ITC, Tata Consumer, Trent, SBI and Nestle India were among the top gainers, a rotation out of IT and into defensive, domestic-demand names. Defence stocks extended their losing streak to a fifth straight session, showing the earlier profit-booking in that sector hasn't fully played out yet. Market breadth stayed weak despite the index gains, more stocks fell than rose through the session, which suggests this bounce was driven by a handful of heavyweights rather than broad participation. The Fed decision loomed large all day. With markets pricing in a rate move and crude oil still elevated, investors stayed cautious even as headline indices moved higher.

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Coforge Independent Director Resigns Immediately

Coforge

is in focus today after independent director DK Singh, who also chaired the company's Nomination and Remuneration Committee (NRC), resigned with immediate effect, according to reports on Tuesday, September 15, 2026. Why This Draws Investor Attention Independent directors serve as a governance check on company management, and the NRC specifically oversees board and senior leadership appointments as well as executive compensation decisions. A resignation "with immediate effect," rather than at the end of a term or with a transition period, tends to draw closer scrutiny from investors and governance-focused analysts than a routine, planned exit. What We Don't Yet Know As of now, the specific reason behind the resignation has not been detailed in available reporting. Companies are required to disclose such departures to exchanges, and any further explanation, if provided, would typically follow through subsequent regulatory filings. Business Context Coforge is an Indian IT services and technology solutions company, competing in segments like digital engineering, cloud, and enterprise applications alongside larger peers such as TCS, Infosys, and Wipro. Market Backdrop This news comes on a day when broader IT stocks are among the standout gainers, with the Sensex and Nifty50 opening higher after the Ganesh Chaturthi break, led by names including Infosys, HCL Tech, TCS and Tech Mahindra. What To Watch Whether Coforge names a replacement for the NRC chair role, and whether any further disclosure sheds light on the circumstances behind this sudden departure.

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