Why Tech Mahindra Shares are Down Ahead of Q4 Earnings

Tech Mahindra, which will report its March quarter earnings later in the day, was the top Nifty loser in early trade. India's fifth largest IT outsourcer is likely to post a 10 per cent sequential drop in net profit for the January to March period, according to analysts polled by NDTV.   Tech Mahindra's revenue is seen rising nearly 7 per cent quarter-on-quarter to Rs 6,142 crore, according to estimates, while EBITDA (or gross profit...