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Tech Mahindra shares rise 8% after strong Q2 profit growth and bonus issue proposal

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Tech Mahindra's shares climbed more than 8% after the company announced its quarterly earnings. Its consolidated net profit rose 32.74% year on year, supported by strong volume growth and disciplined cost control. The IT firm also proposed a bonus issue to mark its 40th anniversary. The rally added roughly Rs 11,000 crore to the company's market capitalisation, according to the report.

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