Tech Mahindra down 3 on lower Q2 nos

Yesterday,the company had posted a fall of 10.83 per cent in its profit at Rs 150.67 crore,on account of a charge of Rs 36.70 crore it incurred due to its shareholding in Mahindra Satyam.

Tech Mahindra in April 2009 had acquired scam-hit Satyam Computer and rebranded it as 8216;Mahindra Satyam8217;.

On National Stock Exchange,too,the scrip witnessed a similar downtrend and slid by 1.57 per cent to Rs 774.

On the volume front,over 1.96 lakh shares of the company changed hands during the morning session.

Meanwhile,the broader gauge Sensex was trading at 20,197.49,down 23.90 points from the previous close.