Tech Mahindra Stock Falls After UK Election Verdict
Shital Jibhe / 09 Jun 2017
Tech Mahindra stock fell by over 3%, after British Prime Minister Theresa May was dealt a major blow, as voters wiped out her parliamentary majority.
Tech Mahindra stock fell by over 3%, after British Prime Minister Theresa May was dealt a major blow, as voters wiped out her parliamentary majority.
Mumbai-based Tech Mahindra gets around 29% of its revenues from the European region. Thus, the election results came as a major worry for the IT giant.
The company also has a presence in West Asia and Asia-Pacific. It employs more than 500 professionals globally.
Tech Mahindra's client concentration is double that of the peer group and that is one of the reasons why the company would be under more pricing pressure than the peers, say experts.
If you want to stay updated with the share market news today, keep a close watch on the indian stock market today with real time movements like sensex today live and overall stock market today trends. Investors tracking ipo allotment status, ipo news today, or the latest ipo india can also follow daily updates along with bse share price live data. Whether you are learning how to invest in stock market in india, preparing for a market crash today, or searching for the best stocks to buy in india, insights on top gainers today india, top losers today india, trending stocks india and long term stocks india help in making informed investment decisions.