Tech Mahindra stock dips 17%, posts steepest fall in 9 years
Shares of Tech Mahindra on Monday plunged by nearly 17%, marking their steepest fall in over nine years, after the company reported weaker than expected earnings. So far this year, Tech Mahindra's stock has fallen by 22.2%. Notably, the company's profit fell by 31% year-on-year to around â¹590 crore as it saw project cancellations in its communication business.