Tech Mahindra has fallen 1.93% to Rs 638.20 after consolidated net profit rose 14.80% to Rs 276.02 cr backed by gains from its associate firm Mahindra Satyam.

Revenue rose to Rs 1,445 crore, up 19.3 per cent, compared to Rs 1,211 crore in the same period last year. The increase in the topline was despite a drop of revenue from its largest client BT. Revenue from BT, sequentially, was down four per cent. Non-BT business grew by 12 per cent on a sequentially basis.

In the intraday trade, the stock opened at Rs 648 and made a low of Rs 632.75. Around 1,00,000 shares were traded in BSE and NSE.