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Tech Mahindra falls 15% on Bourses as Brokerages Downgrade Stock

Mumbai | May 28 2015 11 : 30 IST | Economic Times - Mumbai

Shares of Tech Mahindra plunged as much as 15% on Wednesday its biggest single-day all on NSE since its listing in August 2008 — after several brokerages downgraded the stock and cut the earnings per shares estimate following company’s worse than-expected performance in the March quarter.

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