Tech Mahindra's share price falls over 2% after Q1 results

Tech Mahindra's share price declined over 2 per cent in morning trade on the NSE on Thursday, July 17, a day after the IT firm reported its June quarter (Q1FY26) results. Tech Mahindra share price opened at ₹1,583.40 against its previous close of ₹1,607.90 and dropped 2.21 per cent to an intraday low of ₹1,572.30. The IT stock traded 1.80 per cent down at ₹1,579.10 around 11:30 AM. The Nifty 50 was 0.09 per cent down at 25,188 at that time. Tech Mahindra's share price has been under pressure in July, falling nearly 6 per cent, and looking set to snap its three-month winning streak. Year-to-date, Tech Mahindra stock has fallen nearly 7 per cent compared to a 13 per cent fall in the Nifty IT index and a 6 per cent gain in equity benchmark Nifty 50.