Market Tech Mahindra shares fall 5% on weak Q1 numbers; brokerages cut target price Updated : July 31, 2019 10:22 AM IST Shares of Tech Mahindra fell nearly 5 percent after it reported a 15.3 percent fall in its June quarter net profit at Rs 959 crore. EBIT (earnings before interest and tax) margins also contracted 431 basis points at 11.5 percent QoQ. Brokerages remained bullish on the stock but cut their target price on below-estimate earnings. Subscribe to Moneycontrol PRO at just Rs.33/- per month for the first year. Use code SUPERPRO. Limited period offer. Available on Web and Android.