Hold Tech Mahindra Ltd.

Higher Interest cost drags profitability

Tech Mahindra (TML) reported a 7% sequential jump in the revenues in USD term to $228 mn, largely aided by currency tailwinds, otherwise on a constant currency basis revenues were up by mere 2% qoq. In INR term revenues up by 5.9% qoq to Rs 11130 mn. EBITDA marginsadjusted for Rs 250 mn write back in Q4FY09 remains stable at 25.2%.

BseIndia Launches a Desktop Gadget

BSE has remained fore-runner in meeting the needs of the market to empower market participants with right information at right time. SENSEX, the market barometer has always retained the Top-of-Mind recall value among the millions of investors globally.

Market dynamism and expectations from market participants has always kept us on meeting newer challenges. Here is a widget, known as Market Watch, that will change your desktop experience. To install follow two simple steps :

• Click here to download the gadget installable
  (or copy-paste http://www.bseindia.com/gadget/gadget.asp on your browser)
• Run the setup from where you have saved the above file