Tech Mahindra (TechM) shares fell on Friday after the company reported a fall of 8.10% in the consolidated net profit of Rs 6.31 billion for the quarter ended Jun. 30, 2014 as compared to Rs 6.86 billion in the same period last year. On quarter on quarter basis, it posted a rise of 2.69% in the net profit.
Revenues on the other hand was at Rs 51.22 billion for quarter ended Jun. 30, 2014, registering rise of 24.82% year on year and 1.25% sequentially.
Shares of the company are trading at Rs 2,061.10, down Rs 89.2, or 4.15% at the Bombay Stock Exchange (BSE) on Friday at 9:29 a.m.
The scrip has touched an intra-day high of Rs 2,092 and low of Rs 2,026.55. The total volume of shares traded at the BSE is 36,071.