India's Tech Mahindra gains after revenue beat

Tech Mahindra

17/07/2026 04:54

    July 17 (Reuters) - India's Tech Mahindra shares TEML.NS rose 3% in early trade on Friday after the country's fifth-largest IT services firm posted better-than-expected revenue, helped by growth in its manufacturing segment and a weaker rupee.
The stock was trading at 1,555 rupees and was the top gainer on the Nifty IT index .NIFTYIT, which was up 2%.
Analysts said Tech Mahindra was on track to post the strongest growth among large IT services firm in the first quarter of fiscal 2027.

 (Reporting by Abhirami G in Bengaluru; Editing by Sonia Cheema)
 ((abhirami.g@thomsonreuters.com))