Shares of Tech Mahindra tumbled over 5 per cent on the Bombay Stock Exchange as investor resorted to profit booking after fourth quarter earnings report.
The IT firm on Friday reported a 107.80 per cent grpwth in net profit at Rs 1,222 crore for the March quarter, as compared to Rs 588 crore in the year-ago quarter.
Following Q4 earnings, stocks of the company declined as much as 5.65 per cent and touched an intra-day low of Rs 662.75 apiece on the Bombay Stock Exchange.
In a similar trend, shares of the firm were trading 4.35 per cent lower at Rs 672.20 apiece on the National Stock Exchange.
Meanwhile, the broader benchmark BSE Sensex was trading at 35,110.52, up 185.65 points, or 0.53 per cent at 11:15 hours.