Tech Mahindra Results Highlights
Ebit 13.31B Rupees Vs 9.17B (QOQ)
Ebit Margin 14.2% Vs 10.1% (QOQ)
Cons Net Profit 10.65B Rupees Vs 11.24B (YOY); Est 10B
Cons Revenue 93.72B Rupees Vs 90.7B (YOY)
The dollar revenue at $1,265.4 million grew by 4.8 percent (QOQ), while revenue growth was at 2.9 percent (QOQ)
Co Board Has Proposed Special Dividend Of 15 Rupees/Share
Impact on Tech Mahindra
The company posted better results than expectations.
Stock is trading at crucial levels. Support around 820 and hurdle around 850. Break and sustain above 850 will test 868 and then to 880 levels in days to come. If the stock is able to close below 820 will see a sharp downside move till 805 and then to 790 levels in days to come.
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