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Tech Mahindra drops after results

October 27, 2010

Employees at a call centre provide service support to international customers, in Bangalore March 17, 2004. REUTERS/Sherwin Crasto/Files

Shares of Tech Mahindra fell sharply on the first day of trade after the company declared a drop in Q2 profits after market hours on Tuesday.

Tech Mahindra said second-quarter net profit fell more than 10 percent as the IT services firm booked a charge related to its shareholding in Mahindra Satyam.

Shares in the company closed 2.1 pct lower at 768 rupees.

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