Tech Mahindra share price closes at ₹1,561; gains 0.19% on September 17

Key Takeaways

• Tech Mahindra added ₹3 or 0.19% to finish at ₹1,561 after moving through a ₹32 intraday range. 
• The close was just ₹6.20 below the 50-day DMA, while remaining above both the 100-day and 200-day averages. 
• Six-month return stood at 16.54%, compared with a negative one-month return of -4.40%. 

Tech Mahindra share price closed September 17 at ₹1,561, up ₹3 or 0.19%. The stock opened at ₹1,545, below the previous close of ₹1,558, and later fell to ₹1,538. It recovered to ₹1,570 before ending at ₹1,561. The full intraday range measured ₹32, while the final price was ₹23 above the low and ₹9 below the high. 

Volume reached 2,869,133 shares. Tech Mahindra's market capitalisation stood at ₹1,53,003 crore. The 52-week low was ₹1,304 and the high ₹1,854. September 17's close was ₹257 above the annual low and ₹293 below the high, placing the stock near the middle of the ₹550 annual range. 

The closing price sat between its shorter and longer moving averages. Tech Mahindra's 50-day DMA was ₹1,567.20, only ₹6.20 above the close. The 100-day DMA stood at ₹1,539.10, putting the final price ₹21.90 higher. The 200-day average was ₹1,522.10, or ₹38.90 below the closing level. 

Return readings were mixed. The one-month return stood at -4.40%. Three-month performance was positive at 7.89%, rising further to 16.54% over six months. The one-year return was positive but much smaller at 1.93%. 

The stock's September 17 movement included a recovery from an opening below the previous close. Tech Mahindra fell another ₹7 from the ₹1,545 opening price to its low, then advanced ₹32 from low to high. It finished slightly above the previous close, leaving the daily change at only 0.19%. The close remained within ₹7 of the 50-day DMA and above both longer-period averages. Its position within the annual range was comparatively balanced, with less than ₹40 separating the distances to the 52-week high and low.