Tech Mahindra Slips On Q3 Miss; Trading Volume Surges

Shares of Tech Mahindra fell over 4%, the steepest intraday decline in four sessions, after the company reported net income for the December quarter that missed the average analyst estimate.

• Brokerages have, however, reiterated their ‘buy’ rating on the stock, citing rising traction in 5G and digital technologies, deal wins and margin recovery.
• Trading volume on the stock is four times the 30-day average volume at this time of the day.

Source: Bloomberg, Brokerage Notes

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