Shares of Tech Mahindra surged 7 per cent to Rs 1,209.15, also its new high, on the BSE in the intra-day trade on Friday after the IT major reported a 39.17 per cent year-on-year (YoY) jump in its consolidated net profit at Rs 1,353 crore for the April-June period of financial year 2021-22 (Q1FY22) as against Rs 972-crore profit posted in the corresponding quarter last year. On quarter-on-quarter (QoQ) basis, the profit rose by 25.13 per cent.