- Tech Mahindra enters agreement to acquire 75 pct stake in FixStream Network Inc'Indian IT has capacity to produce heavyweight brands''Indian IT has capacity to produce heavyweight brands'Tech Mahindra quarterly net profit dips 8 pct to Rs 631 cr; results 'favorably aligned', says Vineet Nayyar
Tech Mahindra Ltd slumps 5.1 percent after April-June-quarter net profit lags estimates.
Fall in operating margins to 18.1 percent from 21.2 percent in Jan-March is also seen as disappointing.
Tech Mahindra Ltd shares had gained 19 percent compared to a 15 percent gain in the BSE index over previous three months.
($1 = 60.7250 Indian rupees)