The stock erased all its gains and slipped to a low of Rs 950. The scrip finally ended at Rs 957, down 1% from the previous close.
The counter clocked volumes of 432,689 shares on the BSE.
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(Updated at 1042hrs)
Tech Mahindra has advanced 2% on bagging a $400 million deal from New telecom licensee Etisalat DB Telecom.
The stock opened at Rs 1,008, touched a low of Rs 981 and surged to a high of Rs 1,008.
The scrip is now trading at Rs 990, up around 2% from the previous close. The counter has clocked volumes of 128,510 shares on the BSE so far and the scrip has zoomed 28% in a month.
This contract is spread over a 10-year period.