Tech Mahindra is on track to improve margins, but macro challenges remain

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 […]