Tech Mahindra witnessed a sharp fall in share price on Monday after the company disclosed a steep drop in consolidated net profit for the quarter ended March 2017. During the quarter, the profit of the company declined 32.69% to Rs 5,896.90 million from Rs 8,761.40 million in the same quarter previous year.

Revenues for the quarter rose 9.86% to Rs 77,328.90 million, compared with Rs 70,390 million for the prior year period.

Shares of Tech Mahindra are trading at Rs 378.15, down Rs 51.2, or 11.93% at the Bombay Stock Exchange (BSE) on Monday at 10:45 a.m.

The scrip has touched an intra-day high of Rs 395.00 and low of Rs 357.60. The total volume of shares traded at the BSE is 1,519,789.

Total volume of shares traded on the bourses today was higher by 240.47% to 10,327,330 compared with 22-day average volume of 3,033,237.