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Tech Mahindra falls 5% on weak Q2 earnings: Should you still buy?

Shares of Tech Mahindra fell on Thursday after it reported a sharp fall in its net profit in the Sept quarter (Q2FY24). It also failed to meet street expectations on both profit and revenue. Further cuts in target prices and earnings estimates by various brokerages also kept the sentiment negative.

Tech Mahindra s CEO designate Mohit Joshi unveils reorg, CME head Manish Vyas quits

Tech Mahindra Q2 results: Net profit plunges 61 6% YoY to Rs 494 crore, revenue down 2%

Tech Mahindra seeks to diversify its revenue dependency from CME to other segments such as BFSI and healthcare.

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