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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. ....

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Tech Mahindra Q2 Results: Sharp fall in profit; dividend of ₹12; 5 key takeaways from Tech Mahindra's Q2 earnings

Tech Mahindra s consolidated profit after tax (PAT) for the quarter under review came at ₹505.3 crore, down 61.1 per cent YoY against ₹1,299.2 crore in Q2FY23. PAT, in dollar terms, came at $59 million, down 29.3 per cent QoQ and 62.5 per cent YoY. ....

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