Tech Mahindra shares plunge 6% on Q3 earnings. Here’s what brokerages recommend

Shares of Tech Mahindra fell more than 6% in Thursday’s trade to the day’s low of Rs 1,320.05 on the NSE following a disappointing set of numbers posted by the company for the December quarter. A couple of top domestic brokerages did not take an optimistic view on the counter, adding to the stock’s woes. Both Kotak Institutional Equities and Nuvama retained their ‘Reduce’ ratings.