Скачать или смотреть Tech Mahindra Shares Soar Despite Weak Q4: But Why? | Tech Mahindra Stock | Stock Market

Tech Mahindra experienced its most significant intraday rally in around eight years, with its stock surging approximately 10% in trading and closing at Rs 1,281.6, marking a 7.67% increase. This surge followed the company's Q4FY24 results announcement on April 25. Despite a 41% year-on-year decline in net profit to Rs 664 crore and a 6.2% year-on-year drop in revenue from operations in Q4 to Rs 12,871.3 crore, the company's shares rallied. Investors reacted positively to Tech Mahindra CEO's unveiling of a three-year turnaround plan.

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