Tech Mahindra Shares Rise 4.4% After Second-Quarter Revenue Beat
Tech Mahindra shares were up 4.4% at 1,721.90 rupees in early trade on Friday after robust deal wins helped the IT services firm beat second-quarter revenue expectations.
Story updates
03:52:47 AM UTC
SquawkNews
India's Tech Mahindra rises after second quarter revenue beat
04:01:13 AM UTC
SquawkNews
Shares of Tech Mahindra gained over 4% in early trade on Friday, October 16, even as global investment banking firms had mixed views on the stock post its second quarter results.HSBC had a "buy" rating, while CLSA and Nomura had "hold" and "neutral" recommendations on the Tech Mahindra stock respec…
Tech Mahindra shares advanced on Friday, with robust deal wins helping the IT services company exceed revenue expectations for the second quarter. The stock was up 4.4% at 1721.90 rupees in early trade.