Infotech company Tech Mahindra’s net profit in the second quarter of this financial year rose 27 per cent compared to the same period last year, beating market expectations. The company posted a profit of ₹1,064.3 crore. The stock had surged about 3 per cent ahead of the results release and has closed at ₹683.6 on Tuesday. The stock can extend its rally if it manages to surpass the psychological level of ₹700 on the back of the positive results.

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