Tech Mahindra jumps 8%, IT firm adds Rs 11,000 crore to market cap after Q2 earnings

Tech Mahindra shares raced ahead of the BSE Sensex pack on Friday, sprinting over 8%, to add around Rs 11,000 crore to its market value. The blockbuster gains came after the IT firm reported a 32.74% jump in consolidated net profit for the September quarter.Tech Mahindra, along with other IT stocks helped domestic equity benchmarks shake off a sluggish start.Around 12.30 pm, Tech Mahindra shares were trading 8.05% higher at Rs 1,781.50 on the BSE. On the NSE, the stock was up 7.87% at Rs 1,779.90, a gain of Rs 129.90. Following the rise, Tech Mahindra's market capitalisation increased by Rs 10,974.86 crore to Rs 1,72,895.16 crore.The company's consolidated net profit attributable to its owners rose 32.74% year on year to Rs 1,585.6 crore in the July-September quarter of FY27, compared with Rs 1,194.5 crore in the corresponding quarter last year.