Tech Mahindra shares surge to 6 year high on earnings

Mumbai: Tech Mahindra shares rose more than 5 per cent on Friday to its highest since May 2007 after the company's July-September earnings beat some analysts' estimates.

Tech Mahindra on Thursday posted July-September consolidated net profit of Rs 718 crore slightly higher than consensus forecasts of Rs 71 crore.

Tech Mahindra shares were up 5.4 per cent at 9:28 am, outperforming a 0.14 per cent fall in the Nifty.