Revenue growth at Tech Mahindra Ltd. faltered for a second straight quarter in July-September period, underscoring the slowdown threat faced by India's $245-billion IT services industry.
Revenue of the Pune-based outsourcer fell 2.25% over the previous three months to Rs 12,863.9 crore in the quarter ended Sept. 30, according to an exchange filing on Wednesday. That compares with the Rs 13,244.6-crore consensus estimate of analysts tracked by Bloomberg.
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Discover the importance of the Relative Strength Index (RSI) in assessing stock movements as we explore 8 stocks trading in the overbought zone with declining RSI trends. ETMarkets investigates the significance of RSI and its implications for potential investors.
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This article explores the importance of RSI and why assessing stock movements based on RSI is crucial. We examine 10 such stocks and shed light on the nuances of this intriguing pattern, offering insights for potential investors.