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Shares of Tech Mahindra (TechM) have fallen nearly 10% in five trading sessions after the country’s fifth-largest IT exporter announced September quarter results on October 14. The ET Infotech index remained flat over the period. The company’s lackluster performance on the stock markets was despite better-than-expected financials for the quarter. The stock is under pressure […]
State ownership insurer and institutional investors Life Insurance Corp (LIC) has increased its interest in Tech Mahindra, even if the IT shares have fallen by 10% this year so far. The largest insurer in the country now has 10.84% of Tech Mahindra, an increase of approximately 8.8% earlier, according to a disclosure of the shareholders. […]
