Tech Mahindra gains ahead of Q1 results:


Tech Mahindra share price added a percent on July 29 ahead of June quarter results.

The IT firm may see its dollar revenue grow 2.4 percent QoQ at $1,362 million with 30 bps of cross-currency gains, says experts. Revenue growth is likely to be led by 1 percent contribution from acquisitions and by ramp-up of deals in the previous quarters.

The company may see its profit after tax (PAT) rise by 8 percent QoQ due to lower tax and higher other income.

News Source:- Moneycontrol

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