BusinessPhoto: NDTV BusinessTech Mahindra Shares Rise 3% After Strong Q2 Results
Tech Mahindra Ltd. shares rose 3% to Rs 1,699.50 after reporting higher revenue, profit, and operating margins for Q2. Consolidated revenue increased 2.98% sequentially to Rs 16,180 crore, net profit rose 8.22% to Rs 1,585.6 crore, and EBIT margin expanded to 14.75%. Jefferies upgraded the stock to Hold and raised its target price to Rs 1,540, citing improved growth prospects.
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