"Results and macroeconomic cues are very key triggers for the market as it consolidates following a sharp pullback," said Mayuresh Joshi, head of equity research at William O'Neil & Co in India.
The company reported a consolidated profit of Rs 1,339 crore for the quarter ended September 2021 compared with a profit of Rs 1,065 crore in the year-ago period.
Tech Mahindra claims to have doubled investments for business opportunities in manufacturing, banking, financial services and insurance sector, specifically to Sweden.