Shares of India’s Tech Mahindra fell as much as 6.2% on Thursday after the company’s third-quarter profit missed estimates.
The country’s fifth-largest IT services company on Wednesday said profit slumped 60.6% from the previous year to 5.10 billion rupees ($61.4 million) for the three months ended Dec. 31, missing analysts’ estimate of 6.17 billion rupees, according to LSEG data.
($1 = 83.1200 Indian rupees)
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By Kashish Tandon in Bengaluru BENGALURU (Reuters) - Shares of Indian IT services company Tech Mahindra fell as much as 3.7% in early trade on Thursday, a day after the company posted its biggest profit drop in 16 years. The company reported