Tech Mahindra slumps on surprising fall in margins

Reuters Market Eye - Tech Mahindra Ltd slumps 5.1 percent after April-June-quarter net profit lags estimates.

The fall in the company's operating margins to 18.1 percent from 21.2 percent in Jan-March is also seen as disappointing.

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

As of 10:41 a.m., the stock was trading 3.5 percent lower.

($1 = 60.7250 rupees)

(Reporting by Aabhishek Vishnoi)