Rs. 7,000 crore earnings steam ... Tech Mahindra equity to hell

Tech Mahindra Equity, the fifth largest IT services company in India, fell to hell after the start of the stock market. Tech Mahindra failed to meet satisfactory financial results, while the company had lost over 17 per cent of its equity in the fourth quarter of last fiscal. Rs. 7,000 crore investors' wealth After the market session ended last Friday, the operating margins had declined by 12 per cent to 16.7 per cent.
Net profit declines to 33% and reached 590 crore. Market analysts reported net profit of Estimated to be around Rs. 783 crores, and the fact that it was far from the real value of the investor sentiment. This led to bigger investors trying to sell firm equity. At 11:55 pm, the company's equity increased by more than 10 per cent while Rs.385 crore loss continues. The NSE figures show that over 1.13 crore shares have changed handsets.