Tech Mahindra shares surge to 6-1/2 year high on results
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Tech Mahindra shares surge to 6-1/2 year high on results

Last Updated: Friday, November 08, 2013, 10:39
 
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Tech Mahindra shares surge to 6-1/2 year high on results
Mumbai: Tech Mahindra shares rose more than 5 percent on Friday to its highest since May 2007 after the company's July-September earnings beat some analysts' estimates.

Tech Mahindra on Thursday posted July-September consolidated net profit of 7.18 billion rupees, slightly higher than consensus forecasts of 7.1 billion rupees.

Tech Mahindra shares were up 5.4 percent at 9:28 a.m., outperforming a 0.14 percent fall in the Nifty.


Reuters

First Published: Friday, November 08, 2013, 10:39


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