May 22, 2019 / 4:24 AM / 6 months ago

BUZZ-India's Tech Mahindra hits over 3-month low on Q4 profit miss

** Shares of Tech Mahindra Ltd fall as much as 3.7% to 744.2 rupees - lowest since Feb. 5

** Software services provider’s reported 7.4% fall in March-qtr profit, which fell short of analysts’ estimates

** Total tax expense rose 25.8%

** About 2.2 mln shares change hands in early trading, compared with 30-day average of 2.4 mln shares

** In comparison, rival Tata Consultancy Services Ltd posted a 17.7% jump in qtrly profit, while MindTree Ltd reported an 8.8% surge in profit (Reporting by Harish Bhaskar in Bengaluru)

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