close
This ad will auto close in 10 seconds


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

Last Updated: Friday, November 8, 2013 - 10:39

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 8, 2013 - 10:39
comments powered by Disqus