Tech Mahindra share price drops 1.9% to ₹1,776.60 on October 28
Veena Lathe
- 0 min read
Last Updated: 28th October 2026 - 05:20 pm
Key Takeaways
- Tech Mahindra closed at ₹1,776.60, down 1.92%, after trading between ₹1,733.20 and ₹1,794.50.
- Despite the daily decline, the final price remained above the 50-day, 100-day and 200-day moving averages.
- One-month, three-month, six-month and one-year returns were all positive, led by a 27.25% six-month figure.
Tech Mahindra share price ended October 28 at ₹1,776.60, falling ₹34.80 or 1.92% from the previous close of ₹1,811. The stock opened at ₹1,775, reached a high near ₹1,794.50 and fell to ₹1,733.20. It recovered ₹43.40 from the low and actually finished ₹1.60 above the opening price despite the negative close-to-close result.
The intraday spread was ₹61.30. Volume reached 2,869,681 shares. The day's structure therefore resembled several gap-down sessions in the batch, with Tech Mahindra opening below the previous close, recovering from a deeper intraday fall and still ending with a negative daily percentage change.
The final price remained above all three displayed moving averages. The 50-day DMA stood at ₹1,612.80, leaving Tech Mahindra ₹163.80 higher. The 100-day DMA was ₹1,573.20, a ₹203.40 gap. The 200-day DMA at ₹1,543.80 was ₹232.80 below the October 28 close.
Across the 52-week range, the low was ₹1,304 and the high ₹1,854. The closing price stood ₹472.60 above the low and only ₹77.40 below the annual high. Market capitalisation was approximately ₹1,74,143 crore.
All four displayed returns were positive. One-month performance stood at 14.77%, the three-month return at 12.80%, six-month performance at 27.25% and the one-year figure at 21.45%. The six-month result was the strongest, while the stock's October 28 decline still left the price relatively close to its 52-week high.
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