Tech Mahindra slips post March quarter results; brokerages mixed on stock

The brokerages held mixed views on the stock post the March quarter performance, ranging from 'Buy' to 'Sell'

Tech Mahindra stock received a lukewarm response from the investors on Dalal Street following a mixed set of March quarter results. The IT major's Q4 performance missed Street's estimates on the revenue and profit after tax (PAT) front although margins and deal win surprised positively.

Following this, the stock was trading marginally lower by 1.5 per cent at Rs 948.65 on the BSE. It had touched a high of Rs 985.65 in opening trade.

Tech Mahindra announced a net profit of Rs 1,081 crore for the fourth quarter ended March 31, 2021, up 34.6 per cent year-on-year (YoY),