Shares of Tech Mahindra, India’s fifth-largest IT services company, climbed 3% in early Friday trading after the firm reported revenue that exceeded analyst expectations, boosted by gains in its manufacturing division and a weaker rupee.
The company’s stock was changing hands at 1,555 rupees per share, making it the top-performing stock on the Nifty IT index, which itself was up 2% on the day.
Market analysts noted that Tech Mahindra appears positioned to record the strongest growth among major IT services firms during the first quarter of fiscal year 2027.
