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Tech Mahindra gains to three-week high after earnings

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Reuters

Reuters Market Eye - Tech Mahindra Ltd gains 4.3 percent to three-week high.

Company's July-September profit rose 7.3 percent to 5.89 billion rupees ($95.8 million).

Traders say 5.2 percent sequential U.S. dollar revenue growth seen highest among peers and ahead of some estimates.

Larger rival Infosys Ltd had posted a 3.1 percent sequential U.S. dollar revenue growth in the second quarter.

($1 = 61.4725 rupees)

(Reporting by Abhishek Vishnoi)

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First Published: Oct 30 2014 | 10:15 AM IST

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