Tech Mahindra slumps on surprising fall in margins

Written by Reuters | Updated: Aug 1 2014, 16:37pm hrs
Tech Mahindra Ltd slumps 5.1 percent after April-June-quarter net profit lags estimates.

Fall in operating margins to 18.1 percent from 21.2 percent in Jan-March is also seen as disappointing.

Tech Mahindra Ltd shares had gained 19 percent compared to a 15 percent gain in the BSE index over previous three months.

($1 = 60.7250 Indian rupees)