{
  "id": 14876995,
  "title": "Tech Mahindra Shares Jump Over 7%, Profit Growth And 1:1 Bonus Lift Sentiment",
  "url": "https://urgent.news/2026/10/16/tech-mahindra-shares-jump-over-7-profit-growth-and-1-1-bonus-lift",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-16T05:19:15.000Z",
  "source": {
    "name": "Free Press Journal",
    "slug": "free-press-journal",
    "url": "https://www.freepressjournal.in/business/tech-mahindra-shares-jump-over-7-profit-growth-and-11-bonus-lift-sentiment"
  },
  "original_language": "en",
  "account": "Mumbai: Tech Mahindra shares experienced a significant rise of over 7 per cent on Friday, following the IT services company's release of stronger quarterly earnings and the recommendation of a 1:1 bonus issue. The stock climbed to ₹1,766.70 on the BSE and ₹1,767 on the NSE, becoming the biggest gainer among Sensex and Nifty constituents. Tech Mahindra's profit after tax reached ₹1,586 crore, while the board's recommendation of a 1:1 bonus issue added ₹10,974.86 crore to the company's market valuation, totaling ₹1,72,895.16 crore. The rally in Tech Mahindra shares boosted the market valuations of other technology shares as well. Infosys saw a near 4 per cent increase, TCS rose 3.26 per cent, and HCLTech gained more than 1 per cent. The stock price surge highlighted a buying interest in major IT companies during the trading session, with Tech Mahindra leading the group. Tech Mahindra reported a 32.74 per cent increase in profit for the September quarter of FY27, with consolidated net profit reaching ₹1,585.6 crore, up from ₹1,194.5 crore in the same period last year. Strong volume growth, cost savings, and rupee depreciation contributed to the improvement in operating profit. Revenue from operations increased by 15.6 per cent to ₹16,180.2 crore, compared to ₹13,994.9 crore in Q2 FY26. Sequentially, net profit rose by 8 per cent, while revenue grew by 3 per cent. The Pune-based company's 40th-anniversary bonus issue, which includes issuing one bonus equity share for every existing share held, marks the first bonus allocation in 11 years. The bonus shares are expected to be credited by December 15, according to the company's regulatory filing.",
  "summary": "Mumbai: Tech Mahindra shares surged more than 7 per cent on Friday after the IT services company reported stronger quarterly earnings and recommended a 1:1 bonus issue. The stock climbed 7.15 per cent to ₹1,766.70 on the BSE and rose 7 per cent to ₹1,767 on the NSE, becoming the biggest gainer among Sensex and Nifty constituents. Tech Mahindra Profit After Tax Rises To ₹1,586 Crore, Board…",
  "key_points": [
    "Tech Mahindra shares jumped over 7% on Friday",
    "Company reported 32.74% profit growth in September quarter",
    "1:1 bonus issue added ₹10,974.86 crore to market valuation"
  ],
  "editors_take": "Strong quarterly earnings and a long-awaited bonus issue signal renewed investor confidence in the IT sector, driving a broader rally across major technology stocks.",
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}