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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 shares drop after company posts biggest profit decline in 16 years

In the intraday session, Tech Mahindra fell 4.6 per cent to Rs 1,089 on BSE. At the time of writing, Tech Mahindra shares were trading around 3 per cent lower at Rs 1,108.80. ....

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Tech Mahindra Q2 Results LIVE Updates: PAT at Rs 494 cr vs ET NOW poll of Rs 670 cr; firm to pay Rs 12 interim dividend

Tech Mahindra Q2 Results LIVE Updates: In line with overall sentiments around the IT space, Tech Mahindra is likely to post subdued numbers in the second quarter due to the weak demand environment. ....

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Tech Mahindra bucks industry trend, adds 2,307 employees in Q2

Adjusting for Tech Mahindra s headcount increase, the top five Indian IT companies overall lost 40,744 employees in H1FY24. ....

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Tech Mahindra Q2 results: Net profit falls 62% in Q2; co declares interim dividend

IT firm Tech Mahindra Ltd reported a 61.6% year-on-year (YoY) fall in net profit at Rs 494 crore for the September quarter compared with Rs 1,285.4 crore in the corresponding quarter last year. The board approved an interim dividend of Rs 12/- per equity share of Rs. 5/- each i.e. 240% of the face value. The board fixed Thursday November 2, 2023 as the record date for determining the members entitled to receive the interim dividend.
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