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Tech Mahindra share price: Tech Mahindra shares plunge 6% on Q3 earnings. Here's what brokerages recommend

Shares of Tech Mahindra fell more than 6% following disappointing Q3 results. Kotak Institutional Equities and Nuvama retained their Reduce ratings. Kotak highlighted the long turnaround journey for Tech Mahindra despite healthy revenue growth, citing macro challenges and weak telecom outlook. Nuvama called Q3 earnings a mixed bag with an uncertain outlook, noting lower EBIT margin and weak bookings. ....

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Tech Mahindra shares plunge 6% on sharp YoY drop in Q3 profit; details here

Tech Mahindra share price: The stock slipped 6.09 per cent to hit a day low of Rs 1,322 against a previous close of Rs 1,407.75. The counter, which scaled its one-year high level of Rs 1,416 a couple of days back, has risen around 28 per cent in the past one year.
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Q3 Results Today: Bajaj Auto, Tata Steel, Tech Mahindra, DLF among 78 companies to announce earnings

The BSE will see seventy eight companies announcing their December quarter earnings, including Bajaj Auto, Tata Steel, and Tech Mahindra. Axis Bank reported a 4% YoY increase in net profit for the October-December quarter. Bajaj Auto is expected to have a 33.3% YoY rise in net profit, while Tech Mahindra may see a decline in revenue but a rise in net profit. Other companies announcing their Q3 results include Ujjivan Small Finance Bank, UCO Bank, TVS Motor Company, Railtel, and PNB Housing. ....

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Tech Mahindra Q3 Results 2023 - Find Tech Mahindra Q3 Earnings Result

TECHM Q3 Results: Check out Tech Mahindra Q3 Result news, Tech Mahindra Q3 Earnings result updates and highlights. | TECHM Q3 Results 2023 ....

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Tech Mahindra Q3 results today: What to expect, how to trade the stock and key things to watch

Tech Mahindra Q3 results: Tech Mahindra overall revenue and constant currency revenues likely to decline, offset by margin expansion up to 330 basis points. Deal wins expected to be muted due to lower working days and weak macro environment. Communication and enterprise segments are under pressure. ....

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