It was the largest laggard among the many Sensex and Nifty companies in the course of the morning offers. (Representative picture)
The inventory tanked 6 per cent to Rs 1,322 on the BSE.
Shares of Tech Mahindra on Thursday plunged over 6 per cent after the corporate reported a 60 per cent decline in internet revenue to Rs 510.4 crore for the December quarter, largely due to a pointy squeeze in revenue margins.
The inventory tanked 6 per cent to Rs 1,322 on the BSE.
It fell 6.24 per cent to Rs 1,320.05 on the NSE.
It was the largest laggard among the many Sensex and Nifty companies in the course of the morning offers.
In the broader fairness market, the 30-share BSE Sensex traded 584.08 factors decrease at 70,481.94, and the Nifty fell by 159.55 factors to 21,294.40.
For the reporting quarter, its total income from operations declined 4.6 per cent to Rs 13,101 crore from Rs 13,734 crore within the yr-in the past interval.
However, it was a pointy decline in working income, with margins narrowing to five.4 per cent from 12 per cent within the yr-in the past interval, which appears to have impacted the headline revenue.
