Tech Mahindra's (TEML.NS), shares dropped as high as 6.2% on Thursday following the company's third-quarter profit that fell short of projections.
According to LSEG data, the nation's fifth-largest IT services company reported on Wednesday that its earnings for the three months ending December 31 dropped by 60.6% from the previous year to 5.10 billion rupees ($61.4 million), missing analysts' estimates of 6.17 billion rupees.
$1 is roughly the same as 83.1200 Indian rupees.
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