LIC Increases Stake in Tech Mahindra via Market Purchase

Imagine a big company called LIC that invests in other companies.

LIC bought more shares of Tech Mahindra, an IT services company.

They bought many shares between June and September.

Now LIC owns over 10% of Tech Mahindra.

Tech Mahindra's stock has gone up recently after a drop in July.

An analyst at Jefferies thinks that AI might affect the company’s revenue.

Tech Mahindra shares have increased from their lows in April.

They remain below their 52-week high.