Fall in Tech Mahindra's margin disappointing: Experts

Tech Mahindra's profit declined 9.5 percent quarter-on-quarter to Rs 796.5 crore in April-June quarter and margins fell by 161 basis points to 11.95 percent from 13.7 percent last quarter.In an interview to CNBC-TV18, Prakash Diwan of prakashdiwan.in said the numbers were not as severe disappointing as was expected. However, the fall in margins was below estimates. "There will not post any major reaction on the stock tomorrow," he said.Agreeing with Diwan, Karan Taurani of Dolat Capital said though there was disappointment on the margins front, there won't be any major reaction on the stock tomorrow as most of the negatives were already factored in. Meanwhile, Sarabjit Kaur Nangra, Angel Broking, also gave her views on the company's first quarter results.Watch video for more...