Tech M shares bounce back

New Delhi: Shares of IT services firm Tech Mahindra on Friday ended marginally higher, bouncing back from their sharp intra-day slump, in line with a smart rally in the broader market. During the morning trade, the stock lost nearly 6 per cent after the company’s revenues declined by 1.2 per cent during the June quarter.

The stock recovered the early lost ground and ended at Rs1,540.50 apiece, up 0.68 per cent on the BSE. During the day, it tanked 5.52 per cent to Rs1,445.50. On the NSE, shares of the IT services firm ended 0.71 per cent higher at Rs1,541 after tumbling 5.60 per cent to Rs1,444.25 apiece in intra-day.