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Tech Mahindra moves up on launching Ops amplifAIer solution Tech Mahindra is currently trading at Rs. 1269.00, up by 20.85 points or 1.67% from its previous closing of Rs. 1248.15 on the BSE. The scrip opened at Rs. 1244.65 and has touched a high and low of Rs. 1274.85 and Rs. 1238.80 respectively. So far 58221 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 1,274.85 on 7-Jul-2023 and a 52 week low of Rs. 982.95 on 28-Apr-2023. Last one week high and low of the scrip sto...
Tech Mahindra moves up on launching Ops amplifAIer solution
Tech Mahindra moves up on launching Ops amplifAIer solution
Source: Accord Fintech
7/09/2023 2:28:16 PM
Stock Picks : Tech Mahindra Ltd And Canara Bank Ltd By ICICI Direct Tech Mahindra Ltd Buy Tech Mahindra Ltd @1249-1252; Target 1266.00; Stop Loss 1244.40   Canara Bank Ltd Buy Canara Bank Ltd @ 334-335; Target 340.00; Stop Loss 331.90   To Read Complete Report & Disclaimer Click Here   Please refer disclaimer at https://secure.icicidirect.com/Content/StaticData/Disclaimer.html SEBI Registration number INZ000183631   Above views are of the author and not of the website kindly read di...
Stock Picks : Tech Mahindra Ltd And Canara Bank Ltd By ICICI Direct
Stock Picks : Tech Mahindra Ltd And Canara Bank Ltd By ICICI Direct
Source: ICICI Direct
5/09/2023 10:55:41 AM
Tech Mahindra rises on partnering with Google Tech Mahindra is currently trading at Rs. 1214.05, up by 16.00 points or 1.34% from its previous closing of Rs. 1198.05 on the BSE. The scrip opened at Rs. 1203.50 and has touched a high and low of Rs. 1221.00 and Rs. 1203.50 respectively. So far 37255 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 1270.35 on 17-Jul-2023 and a 52 week low of Rs. 982.95 on 28-Apr-2023. Last one week high and low of the scrip sto...
Tech Mahindra rises on partnering with Google
Tech Mahindra rises on partnering with Google
Source: Accord Fintech
30/08/2023 12:19:32 PM
Valuations in small caps segment approaching risky levels, say analysts An unhealthy trend in the market is the sustained rise in the prices of many small-and micro-cap stocks, says V.K. Vijayakumar, Chief Investment Strategist at Geojit Financial Services. This is partly aided by the sustained flow of funds into the small-cap segment. Valuations in the segment are approaching risky levels. Safety is now in large-caps, he added. The market is delicately poised waiting for triggers. The transient role of sentiments was evident on Thursday when the market cou...
Valuations in small caps segment approaching risky levels, say analysts
Valuations in small caps segment approaching risky levels, say analysts
Source: IANS
25/08/2023 11:30:58 AM
Goldman Sachs sees India IT growth pick up in medium-term; initiates coverage Goldman Sachs sees revenue growth for India's IT sector companies picking up, driven by pent-up demand for IT services and the impact of adopting generative artificial intelligence (AI) tech. The Wall Street bank forecast a 9%-10% revenue growth from 2025, saying the market could be under-appreciating the sector's upside, even though near-term revenue is likely to remain "muted". "Indian IT services companies have doubled their market share in the last 10 years,&q...
Goldman Sachs sees India IT growth pick up in medium-term; initiates coverage
Goldman Sachs sees India IT growth pick up in medium-term; initiates coverage
Source: Reuters
23/08/2023 12:30:21 PM
FPIs have been sellers in 6 trading sessions at Rs 7,990 cr FPIs have been continuous sellers in the last six trading sessions with a cumulative sell figure of Rs 7,990 crore, says V.K. Vijayakumar, Chief Investment Strategist at Geojit Financial Services. In the two-day correction in the market, Nifty has lost 350 points. More importantly, higher corrections have happened in the large-caps with the broader market holding on, he said. With the 10-year US bond yield spiking to 4.16 per cent, the FPIs may continue to sell or at least refrain from ...
FPIs have been sellers in 6 trading sessions at Rs 7,990 cr
FPIs have been sellers in 6 trading sessions at Rs 7,990 cr
Source: IANS
4/08/2023 11:29:54 AM
Buy Tech Mahindra Ltd For Target Rs.1,200 - Emkay Global TechM’s revenue slumped 4% QoQ (4.2% CC) to USD1.6bn, missing our estimates. EBITM declined by 440bps QoQ to 6.8%, well below our estimate even after adjusting for one-offs. The sharp decline in CME (-9.4% QoQ), owing to cut in discretionary spending and closure of network services projects, largely explains the revenue miss. Deal wins remain weak, and stand at USD359mn (TTM deal-intake down ~25% YoY). Mgmt attributed the weak performance to cut in discretionary spend/delay in decision ...
Buy Tech Mahindra Ltd For Target Rs.1,200 - Emkay Global
Buy Tech Mahindra Ltd For Target Rs.1,200 - Emkay Global
Source: Emkay Global Financial Services
30/07/2023 12:12:16 PM
Neutral Tech Mahindra Ltd For Target Rs1,080 By Motilal Oswal Financial Services Tech Mahindra (TECHM) delivered a weak 1QFY24 performance, with revenue declining 4.2% QoQ in CC to USD1.6b, missing our estimate of a 2.5% decline. The weakness was primarily due to a slowdown in CME (down 9.5% QoQ), while Enterprise saw a marginal dip vs. 4QFY23. 1Q EBIT margin (adjusted for client-specific write-off) was down 240bp QoQ at 8.8% (est. 10.6%). TECHM delivered weak TCV for the second straight quarter at USD359m, down 39% QoQ after a 25% QoQ decline in Q4. * Given the slowdo...
Neutral Tech Mahindra Ltd For Target Rs1,080 By Motilal Oswal Financial Services
Neutral Tech Mahindra Ltd For Target Rs1,080 By Motilal Oswal Financial Services
Source: Motilal Oswal Financial Services Ltd
28/07/2023 12:55:59 PM
FPIs sold stocks for Rs 3,979 cr in cash market The headwinds for the markets come from the US 10-year yield rising sharply to 4 per cent, the dollar index rising to 101.7, Brent crude rising above $83 and FPIs selling stocks for Rs 3,979 crore in the cash market, says V.K. Vijayakumar, Chief Investment Strategist at Geojit Financial Services. The market is delicately poised with strong headwinds and some tailwinds, he said. While these strong headwinds can impact the market, support can come from the strong US 2nd quarter GDP number...
FPIs sold stocks for Rs 3,979 cr in cash market
FPIs sold stocks for Rs 3,979 cr in cash market
Source: IANS
28/07/2023 11:36:16 AM
M&M group stocks under pressure after investment in RBL Bank, Tech Mahindra`s weak earnings miss  Stocks of the Mahindra & Mahindra (M&M) group have been under selling pressure and were the top Sensex losers on Thursday. M&M slumped 6.5 per cent after the company announced equity stake buy in RBL Bank. On Wednesday, it made an announcement of acquiring a 3.53 per cent stake in RBL Bank as an investment at a cost of Rs 417 crore. “We may consider further investment subject to pricing, regulatory approvals and required procedures. However, in no circumstance...
M&M group stocks under pressure after investment in RBL Bank, Tech Mahindra`s weak earnings miss
M&M group stocks under pressure after investment in RBL Bank, Tech Mahindra`s weak earnings miss
Source: IANS
27/07/2023 12:43:31 PM
India`s Tech Mahindra`s shares fall 4% on surprise drop in Q1 profit India's Tech Mahindra's shares fell as much as 4% on Thursday after the company posted a surprise 39% drop in its quarterly profit on Wednesday.
India`s Tech Mahindra`s shares fall 4% on surprise drop in Q1 profit
India`s Tech Mahindra`s shares fall 4% on surprise drop in Q1 profit
Source: Reuters
27/07/2023 9:49:20 AM
India`s Tech Mahindra Q1 profit falls 39% as clients cut spending India's Tech Mahindra on Wednesday reported a fall in first-quarter profit, as challenging macroeconomic conditions prompted clients to curb discretionary spending. The company's consolidated net profit fell 38.8% to 6.93 billion rupees ($84.5 million) for the quarter ended June 30.
India`s Tech Mahindra Q1 profit falls 39% as clients cut spending
India`s Tech Mahindra Q1 profit falls 39% as clients cut spending
Source: Reuters
26/07/2023 4:06:25 PM
FPIs sold stocks worth Rs 2,081 cr in last 2 days indicating buying exhaustion In the last two days, FPIs have sold stocks worth Rs 2,081 crore indicating buying exhaustion, says V.K. Vijayakumar, Chief Investment Strategist at Geojit Financial Services. FPI flows have slowed down. This is normal response to the rising dollar index which has moved up to 101.4 from the recent low of 99. Even though Nifty is showing signs of resilience, it is unlikely to race to 20,000 level in the next few days, given the rising dollar and declining FPI inflows. Brent crude spiking to...
FPIs sold stocks worth Rs 2,081 cr in last 2 days indicating buying exhaustion
FPIs sold stocks worth Rs 2,081 cr in last 2 days indicating buying exhaustion
Source: IANS
25/07/2023 11:17:50 AM
Firm trade continues over Dalal Street Firm trade continued over the Dalal Street in early afternoon deals, with both Sensex and Nifty holding gains of over 0.30% each, aided by positive firm cues from other Asian markets along with heavy buying at IT, TECK and Realty counters. Sentiments remained positive, as India’s inflation based on wholesale price index (WPI) deflated for the third straight month in June, on the back of fall in prices of mineral oils, non-food Articles, crude petroleum & natural gas and electricity....
Firm trade continues over Dalal Street
Firm trade continues over Dalal Street
Source: Accord Fintech
14/07/2023 2:19:51 PM
Stock Picks : Tech Mahindra Ltd and Hindalco Ltd By ICICI Direct Tech Mahindra Ltd  Buy Tech Mahindra Ltd @1175-1177; Target 1192.00; Stop Loss 1167.80   Hindalco Ltd  Buy Hindalco Ltd @435-436; Target 442.00; Stop Loss 432.70   To Read Complete Report & Disclaimer Click Here   Please refer disclaimer at https://secure.icicidirect.com/Content/StaticData/Disclaimer.html SEBI Registration number INZ000183631   Ab...
Stock Picks : Tech Mahindra Ltd and Hindalco Ltd By ICICI Direct
Stock Picks : Tech Mahindra Ltd and Hindalco Ltd By ICICI Direct
Source: ICICI Direct
14/07/2023 10:10:37 AM
Bank stocks selloff drags down Nifty from all-time high The Nifty reached a new record high of 19,567 intraday on Thursday, but couldn't hold on due to selling pressure, resulting in a significant decline by the end of the day, said Rupak De, senior technical analyst at LKP Securities. Vikram Kasat, head advisory, Prabhudas Lilladher, said Nifty Index made a higher high in Thursday’s session, whereas the BankNifty Index is still significantly below the previous high, leading to inter-market divergence in the short term. PSU banks s...
Bank stocks selloff drags down Nifty from all-time high
Bank stocks selloff drags down Nifty from all-time high
Source: IANS
13/07/2023 3:25:50 PM
Neutral Tech Mahindra Ltd For Target Rs1,110 - Motilal Oswal Financial Services Ltd * Tech Mahindra’s (TECHM) FY23 annual report highlights that the inflationary environment has led to a massive shift in tech spending by enterprises. The spending is now finding its way through conserving resources and optimizing costs. * Enterprises continue to accelerate the adoption of new-age technologies to drive innovation and enable a new operating model for making it consumercentric and agile. * For 5G technology, which is still emerging and relatively new, TECHM has estab...
Neutral Tech Mahindra Ltd For Target Rs1,110 - Motilal Oswal Financial Services Ltd
Neutral Tech Mahindra Ltd For Target Rs1,110 - Motilal Oswal Financial Services Ltd
Source: Motilal Oswal Financial Services Ltd
10/07/2023 2:16:47 PM
LIC holding in Tech Mahindra increases to 8.8 per cent cration (LIC) has raised its stake in Tech Mahindra from 6.86 per cent to 8.8 per cent. LIC said in an exchange filing that during the November 21, 2022 to June 6, 2023 period, there was an increase of 2.01 per cent in its holding. The average buying price for these shares stood at Rs 1,050.77 per share. Tech Mahindra Ltd provides a comprehensive range of IT services, including IT-enabled service, application development and maintenance, consulting and enterprise business solutions. ...
LIC holding in Tech Mahindra increases to 8.8 per cent
LIC holding in Tech Mahindra increases to 8.8 per cent
Source: IANS
8/06/2023 10:13:20 AM
Tech Mahindra rises on partnering with Bank of Baroda to deploy digital solutions Tech Mahindra is currently trading at Rs. 1126.65, up by 8.90 points or 0.80% from its previous closing of Rs. 1117.75 on the BSE. The scrip opened at Rs. 1120.00 and has touched a high and low of Rs. 1136.65 and Rs. 1118.80 respectively. So far 47650 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 1196.65 on 01-Jun-2022 and a 52 week low of Rs. 944.10 on 17-Jun-2022. Last one week high and low of the scrip stoo...
Tech Mahindra rises on partnering with Bank of Baroda to deploy digital solutions
Tech Mahindra rises on partnering with Bank of Baroda to deploy digital solutions
Source: Accord Fintech
1/06/2023 12:05:12 PM
Vedanta has best dividend yield among large cap stocks Vedanta Ltd. has the best dividend yield in the last 12 months among large cap stocks at 26 per cent. As per a report by Axis Securities, it is followed by Hindustan Zinc at 24 per cent, Coal India at 10 per cent, ONGC at 8 per cent and Power Grid, Tata Steel, GAIL, Tech Mahindra and Piramal Enterprises at 5 per cent. Among the mid cap companies, REC has the best dividend yield at 10 per cent, followed by Sanofi at 9 per cent, Oil India at 8 per cent. Among the small cap companies, T...
Vedanta has best dividend yield among large cap stocks
Vedanta has best dividend yield among large cap stocks
Source: IANS
15/05/2023 3:41:52 PM
Add Tech Mahindra Ltd For Target Rs1,193 - Yes Securities Ltd Result Synopsis Tech Mahindra (TECHM) reported mixed financial performance for the quarter. The sequential revenue growth was inline with expectations; while, EBIT margin came in below expectation. It reported sequential growth of 0.1% QoQ in INR terms, (flat QoQ in USD terms), led by Manufacturing (up 1.4% QoQ). There was sequential decline in EBIT margin(down 83bps QoQ) on higher SG&A expense. Employee attrition continues to moderate as LTM attrition was down 2.5 percentage points Qo...
Add Tech Mahindra Ltd For Target Rs1,193 - Yes Securities Ltd
Add Tech Mahindra Ltd For Target Rs1,193 - Yes Securities Ltd
Source: Yes Securities Ltd
8/05/2023 11:56:48 AM
Indian firms tread with caution but are fast catching up with ChatGPT As artificial general intelligence (AGI) continues to carry out specific tasks such as language translation and data analysis for companies, Indian enterprises and startups are also bullish on the AI technology but are weighing its pros and cons before they implement it in their products for customers. Tata Consultancy Services (TCS), Infosys, Wipro, HCL Tech and Tech Mahindra, among others, have placed a big bet on AI. While TCS is likely to have a centre of excellence around generativ...
Indian firms tread with caution but are fast catching up with ChatGPT
Indian firms tread with caution but are fast catching up with ChatGPT
Source: IANS
7/05/2023 5:23:09 PM
Tech Mahindra posts lower net for FY23 Information technology player Tech Mahindra Ltd closed FY23 with its net profit lower by about 13 per cent over FY22. According to the company, for FY23, it had earned a revenue of Rs 53,290 crore (FY22 Rs 44,646 crore) and a net profit of Rs 4,857 crore (Rs 5,630 crore). The Board, at its meeting on Thursday, has recommended a final dividend of Rs 32 per share, taking the total dividend for FY23 to Rs 50 per share. "As we step into FY'24, we see the increasing need for busi...
Tech Mahindra posts lower net for FY23
Tech Mahindra posts lower net for FY23
Source: IANS
27/04/2023 4:54:14 PM
Manoj Chugh moves on from Mahindra Group, takes up mentorship roles at startups After completing 41 years in the corporate world, Manoj Chugh retired from the Mahindra Group as the President Public Affairs. Over the last four years, Chugh has been with Mahindra Group's, Group Corporate Office, leading Public Policy and Advocacy for Firms spanning key sectors of the Economy to help shape the Policy Landscape. Prior to his group-level role, he led the Enterprise Business (Satyam acquisition) of Tech Mahindra, for six years, as its President, driving business acro...
Manoj Chugh moves on from Mahindra Group, takes up mentorship roles at startups
Manoj Chugh moves on from Mahindra Group, takes up mentorship roles at startups
Source: IANS
18/04/2023 4:24:30 PM
Stock Picks : Apollo Tyre Ltd and Tech Mahindra Ltd By ICICI Direct Apollo Tyre Ltd Buy Apollo Tyre Ltd CMP 328.35; Initiation Range 327-328; Target 332.40; Stop Loss 324.30   Tech Mahindra Ltd Buy Tech Mahindra Ltd CMP 1107.25; Initiation Range 1103-1105; Target 1117.00; Stop Loss 1095.80     To Read Complete Report & Disclaimer Click Here   Please refer disclaimer at https://secure.icicidirect.com/Content/StaticData/Disclaimer.html SEBI Registr...
Stock Picks : Apollo Tyre Ltd and Tech Mahindra Ltd By ICICI Direct
Stock Picks : Apollo Tyre Ltd and Tech Mahindra Ltd By ICICI Direct
Source: ICICI Direct
11/04/2023 10:42:11 AM
Add Tech Mahindra Ltd For Target Rs971 - ICICI Securities New CEO has good credentials; no significant change in earnings fundamentals in medium term Tech Mahindra (TechM) has announced appointment of Mohit Joshi as MD & CEO: Mr. Mohit Joshi will take over after the existing CEO and MD, Mr. CP Gurnani, retires on December 19, 2023. Mohit Joshi will join well before that date to allow sufficient transition time, as per TechM. He may join in June 2023 given Infosys has announced his resignation effective March 11, 2023 and that he will be on le...
Add Tech Mahindra Ltd For Target Rs971 - ICICI Securities
Add Tech Mahindra Ltd For Target Rs971 - ICICI Securities
Source: ICICI Securities
4/04/2023 12:02:46 PM
Tech Mahindra zooms on partnering with YIT Corporation to drive business transformation Tech Mahindra is currently trading at Rs. 1102.15, up by 20.90 points or 1.93% from its previous closing of Rs. 1081.25 on the BSE. The scrip opened at Rs. 1086.05 and has touched a high and low of Rs. 1105.65 and Rs. 1086.05 respectively. So far 59027 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 1537.00 on 30-Mar-2022 and a 52 week low of Rs. 944.10 on 17-Jun-2022. Last one week high and low of the scrip sto...
Tech Mahindra zooms on partnering with YIT Corporation to drive business transformation
Tech Mahindra zooms on partnering with YIT Corporation to drive business transformation
Source: Accord Fintech
31/03/2023 3:41:59 PM
Tech Mahindra rises on launching AceFin to assist CFOs in driving profitability, growth Tech Mahindra is currently trading at Rs. 1079.90, up by 9.65 points or 0.90% from its previous closing of Rs. 1070.25 on the BSE. The scrip opened at Rs. 1075.00 and has touched a high and low of Rs. 1081.75 and Rs. 1065.20 respectively. So far 30314 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 1537.55 on 29-Mar-2022 and a 52 week low of Rs. 944.10 on 17-Jun-2022. Last one week high and low of the scrip stoo...
Tech Mahindra rises on launching AceFin to assist CFOs in driving profitability, growth
Tech Mahindra rises on launching AceFin to assist CFOs in driving profitability, growth
Source: Accord Fintech
29/03/2023 2:50:53 PM
Add Tech Mahindra Ltd For Target Rs. 1,270 - Emkay Global Financial Services ? TechM gave further insights into its NXT.NOW growth strategy, focusing on connectivity, experience, cloud, engineering, and sustainability through differentiated offerings. The company also highlighted the progress made on large deals, client mining, and alliances to accelerate revenue growth while driving delivery excellence to steer margin expansion. ? The company expects the leadership transition to be smooth as it is a planned succession and executed diligently with a reasonable time...
Add Tech Mahindra Ltd For Target Rs. 1,270 - Emkay Global Financial Services
Add Tech Mahindra Ltd For Target Rs. 1,270 - Emkay Global Financial Services
Source: Emkay Global Financial Services
27/03/2023 2:57:19 PM
India`s TCS CEO Gopinathan to step down, veteran Krithivasan to take over Rajesh Gopinathan, chief executive officer of Tata Consultancy Services (TCS), will resign, India's largest IT services provider said on Thursday, just a year into his second five-year term at the helm of the company. The company named K Krithivasan as CEO-designate, effective March 16, and said he would take over as CEO and managing director in the next financial year, subject to shareholders' approval. He joined TCS in 1989 and has held various leadership roles in the company. ...
India`s TCS CEO Gopinathan to step down, veteran Krithivasan to take over
India`s TCS CEO Gopinathan to step down, veteran Krithivasan to take over
Source: Reuters
17/03/2023 9:55:14 AM
Add Tech Mahindra Ltd For Target Rs. 971 - ICICI Securities Tech Mahindra (TechM) has announced appointment of Mohit Joshi as MD & CEO: Mr. Mohit Joshi will take over after the existing CEO and MD, Mr. CP Gurnani, retires on December 19, 2023. Mohit Joshi will join well before that date to allow sufficient transition time, as per TechM. He may join in June 2023 given Infosys has announced his resignation effective March 11, 2023 and that he will be on leave from this date and his last day would be June 9, 2023 at Infosys.   New CEO Mr. ...
Add Tech Mahindra Ltd For Target Rs. 971 - ICICI Securities
Add Tech Mahindra Ltd For Target Rs. 971 - ICICI Securities
Source: ICICI Securities
15/03/2023 2:46:05 PM
Add Tech Mahindra Ltd For Target Rs.1,121 - Centrum Broking Results in-line, Re-initiate with ADD rating? Tech Mahindra reported results with slightly better than estimated revenues of Rs 137,346 mn (+4.6% q-o-q, +19.9% y-o-y) and in-line EBITDA margins of 15.6% (+ 50 bps q-o-q, -240 bps y-o-y). Despite strong deal wins of $795 mn, Tech Mahindra’s management has flagged slowdown in the macro environment, pointing out longer deal cycles, lower discretionary spend and slowdown in smaller deals. The company expects margin improvement to continue...
Add Tech Mahindra Ltd For Target Rs.1,121 - Centrum Broking
Add Tech Mahindra Ltd For Target Rs.1,121 - Centrum Broking
Source: Centrum Broking Ltd
14/03/2023 12:53:59 PM
Tech Mahindra zooms despite weakness over Dalal Street Tech Mahindra is currently trading at Rs. 1132.55, up by 71.45 points or 6.73% from its previous closing of Rs. 1061.10 on the BSE. The scrip opened at Rs. 1115.00 and has touched a high and low of Rs. 1164.50 and Rs. 1115.00 respectively. So far 414401 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 1574.80 on 25-Mar-2022 and a 52 week low of Rs. 944.10 on 17-Jun-2022. Last one week high and low of the scrip st...
Tech Mahindra zooms despite weakness over Dalal Street
Tech Mahindra zooms despite weakness over Dalal Street
Source: Accord Fintech
13/03/2023 3:36:15 PM
India`s Tech Mahindra soars 10% as Infosys veteran to join as CEO Shares of Tech Mahindra Ltd surged nearly 10% on Monday after the Indian information technology services firm appointed Infosys Ltd veteran Mohit Joshi as its new managing director and chief executive officer. Joshi has been with rival Infosys for 22 years, and is currently the president at the company. He will take charge of the IT arm of Mahindra Group from Dec. 20 for five years, the company said in an exchange filing over the weekend. He will be succeeding CP Gurnani whose term is s...
India`s Tech Mahindra soars 10% as Infosys veteran to join as CEO
India`s Tech Mahindra soars 10% as Infosys veteran to join as CEO
Source: Reuters
11/03/2023 6:35:20 PM
Neutral Tech Mahindra Ltd For Target Rs.1,023 - Motilal Oswal Financial Services Focus on margins and leadership transition We attended TechM’s Investor Day 2023; the key focus of the meet was upcoming leadership transition and operational profitability. Management commentary was encouraging, with stable spending environment and deal flow in both communication and enterprise businesses. TechM continues to focus on improving its profitability and expects FY24 margins to improve, led by lower subcon expenses, improving offshore, and divestment of non-accretive busi...
Neutral Tech Mahindra Ltd For Target Rs.1,023 - Motilal Oswal Financial Services
Neutral Tech Mahindra Ltd For Target Rs.1,023 - Motilal Oswal Financial Services
Source: Motilal Oswal Financial Services Ltd
10/03/2023 11:17:33 AM
Hold Tech Mahindra Ltd For Target Rs.971 - ICICI Direct Margin led focus till leadership change… About the stock: Tech Mahindra (TechM) has over 1.2 lakh employees across 90 countries serving 1000+ clients with higher exposure to telecom (40% of revenues). * Apart from telecom, the company caters to BFSI, manufacturing & retail * TechM has grown organically & inorganically (dollar revenue CAGR of 6.6% over the past five years)   Investor Day Highlights: * We attended TechM Investor Day. On leadership transitio...
Hold Tech Mahindra Ltd For Target Rs.971 - ICICI Direct
Hold Tech Mahindra Ltd For Target Rs.971 - ICICI Direct
Source: ICICI Direct Ltd
9/03/2023 10:56:44 AM
Reduce Tech Mahindra Ltd For Target Rs.971 - ICICI Securities Analyst meet takeaways: no significant change in earnings growth profile We attended Tech Mahindra (TechM) Investor Day 2023, wherein management outlined the company’s focus areas: 1) Growth levers, viz. large transformation deals, and deeper alliances and partnerships. 2) Build technology competencies via investing in ‘products and platforms’ (7% of revenue) and co-creating solutions with client partners. 3) Emphasis on operational rigour to improve margins. 4) Talent tr...
Reduce Tech Mahindra Ltd For Target Rs.971 - ICICI Securities
Reduce Tech Mahindra Ltd For Target Rs.971 - ICICI Securities
Source: ICICI Securities Ltd
7/03/2023 12:12:29 PM
Key Stock Ideas: Tech Mahindra, Maruti Suzuki, HINDUSTAN ADHESIVE, NEOGEN CHEMICAL - ARETE Securities Tech Mahindra to invest up to Rs 700 crore over the next 2-3 years: IT services major Tech Mahindra (TechM) on Friday said it would invest Rs 500-700 crore into the newly carved out products and platforms unit over the next 2-3 years. The company believes that the unit can become a $1-billion business in the same period. “We had acquired Comviva a few years back, which has been creating products and platforms for the telecom sector. A few months back we decided to merge all our other...
Key Stock Ideas: Tech Mahindra, Maruti Suzuki, HINDUSTAN ADHESIVE, NEOGEN CHEMICAL - ARETE Securities
Key Stock Ideas: Tech Mahindra, Maruti Suzuki, HINDUSTAN ADHESIVE, NEOGEN CHEMICAL - ARETE Securities
Source: ARETE Securities Ltd
6/03/2023 10:08:48 AM
Neutral Tech Mahindra Ltd For Target Rs.R1,023 - Motilal Oswal Financial Services Focus on margins and leadership transition We attended TechM’s Investor Day 2023; the key focus of the meet was upcoming leadership transition and operational profitability. Management commentary was encouraging, with stable spending environment and deal flow in both communication and enterprise businesses. TechM continues to focus on improving its profitability and expects FY24 margins to improve, led by lower subcon expenses, improving offshore, and divestment of non-accretive busi...
Neutral Tech Mahindra Ltd For Target Rs.R1,023 - Motilal Oswal Financial Services
Neutral Tech Mahindra Ltd For Target Rs.R1,023 - Motilal Oswal Financial Services
Source: Motilal Oswal Financial Services Ltd
4/03/2023 11:57:42 AM
Stock Picks : Tech Mahindra Ltd and Coal India Ltd By ICICI Direct Tech Mahindra Ltd Buy Tech Mahindra Ltd @1110-1112  CMP 1104.00 Stop Loss 1099.80 Target 1127.00   Coal India Ltd Buy Coal India Ltd  @ 222.7-223.2  CMP 222.00  Stop Loss 220.90  Target 226.50     To Read Complete Report & Disclaimer Click Here   Please refer disclaimer at https://secure.icicidirect.com/Content/StaticData/Disclaimer.html SEBI Registration number INZ000183631   Above ...
Stock Picks : Tech Mahindra Ltd and Coal India Ltd By ICICI Direct
Stock Picks : Tech Mahindra Ltd and Coal India Ltd By ICICI Direct
Source: ICICI Direct Ltd
3/03/2023 12:07:53 PM
Tech Mahindra moves up on launching SANDSTORM Tech Mahindra is currently trading at Rs. 1122.70, up by 8.70 points or 0.78% from its previous closing of Rs. 1114.00 on the BSE. The scrip opened at Rs. 1115.05 and has touched a high and low of Rs. 1135.35 and Rs. 1114.00 respectively. So far 24007 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 1574.80 on 25-Mar-2022 and a 52 week low of Rs. 944.10 on 17-Jun-2022. Last one week high and low of the scrip stoo...
Tech Mahindra moves up on launching SANDSTORM
Tech Mahindra moves up on launching SANDSTORM
Source: Accord Fintech
28/02/2023 10:53:07 AM
Tech Mahindra Q3 profit slides as expenses jump on macro challenges India's Tech Mahindra reported a fall in third-quarter profit on Monday, hurt by higher expenses and a subdued performance by its communications division. The company's consolidated net profit fell 5.3% to 12.97 billion rupees ($159.15 million) for the quarter-ending Dec. 31, from 13.69 billion rupees a year earlier. "We are witnessing moderation in growth, given the tough macroeconomic environment," CP Gurnani, chief executive officer said. Large Indian IT service ...
Tech Mahindra Q3 profit slides as expenses jump on macro challenges
Tech Mahindra Q3 profit slides as expenses jump on macro challenges
Source: Reuters
30/01/2023 4:03:19 PM
Tech Mahindra surges on entering into global strategic partnership with Retalon Tech Mahindra is currently trading at Rs. 1007.75, up by 5.10 points or 0.51% from its previous closing of Rs. 1002.65 on the BSE. The scrip opened at Rs. 1006.05 and has touched a high and low of Rs. 1016.50 and Rs. 1003.70 respectively. So far 92930 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 1754.10 on 12-Jan-2022 and a 52 week low of Rs. 944.10 on 17-Jun-2022. Last one week high and low of the scrip stoo...
Tech Mahindra surges on entering into global strategic partnership with Retalon
Tech Mahindra surges on entering into global strategic partnership with Retalon
Source: Accord Fintech
11/01/2023 3:55:39 PM
Tech Mahindra gains on partnering with Swimming Australia Tech Mahindra is currently trading at Rs. 1022.00, up by 1.15 points or 0.11% from its previous closing of Rs. 1020.85 on the BSE. The scrip opened at Rs. 1020.00 and has touched a high and low of Rs. 1026.70 and Rs. 1008.95 respectively. So far 55889 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 1837.75 on 30-Dec-2021 and a 52 week low of Rs. 944.10 on 17-Jun-2022. Last one week high and low of the scrip stoo...
Tech Mahindra gains on partnering with Swimming Australia
Tech Mahindra gains on partnering with Swimming Australia
Source: Accord Fintech
19/12/2022 3:18:25 PM
Tech Mahindra rises on inking pact with Bharti Airtel Tech Mahindra is currently trading at Rs. 1024.60, up by 1.90 points or 0.19% from its previous closing of Rs. 1022.70 on the BSE. The scrip opened at Rs. 1015.00 and has touched a high and low of Rs. 1026.70 and Rs. 1011.00 respectively. So far 21388 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 1837.75 on 30-Dec-2021 and a 52 week low of Rs. 944.10 on 17-Jun-2022. Last one week high and low of the scrip stoo...
Tech Mahindra rises on inking pact with Bharti Airtel
Tech Mahindra rises on inking pact with Bharti Airtel
Source: Accord Fintech
16/12/2022 11:16:19 AM
Add Tech Mahindra Ltd For Target Rs.R1,226 - Yes Securities Inline operating performance; Management sounded out near term risks Result Synopsis Tech Mahindra (TECHM) reported inline financial performance for the quarter. Both, sequential revenue growth and EBIT margin was as per expectation. It reported sequential growth of 3.3% QoQ in INR terms, (up 0.4% QoQ in USD terms), led by Manufacturing( up 5.1% QoQ); and Technology( up 4.5% QoQ). The INR reported growth was supported by depreciation of INR by 3.4% QoQ vs USD. There was sequential impro...
Add Tech Mahindra Ltd For Target Rs.R1,226 - Yes Securities
Add Tech Mahindra Ltd For Target Rs.R1,226 - Yes Securities
Source: Yes Securities Ltd
15/12/2022 12:58:23 PM
Buy Tech Mahindra Ltd For Target Rs.R1,400 - Anand Rathi Share and Stock Brokers * The company reported good revenue growth for the quarter under review. Revenue from operations improved by 20.7% YoY to ?131,295 million on consolidated basis. In constant currency (CC) terms the revenue grew by 16.8% YoY. The company reported healthy revenue growth led by better performance across all regions - Americas, Europe & RoW. * The company achieved a strong broad based growth across the industries it serves. Communication Media and Entertainment (CME), Manufacturing, Techno...
Buy Tech Mahindra Ltd For Target Rs.R1,400 - Anand Rathi Share and Stock Brokers
Buy Tech Mahindra Ltd For Target Rs.R1,400 - Anand Rathi Share and Stock Brokers
Source: Anand Rathi Share and Stock Brokers Ltd.
17/11/2022 3:54:32 PM
Tech Mahindra surges after it selected as Nynas` Digital Transformation Partner Tech Mahindra is currently trading at Rs. 1068.45, up by 1.75 points or 0.16% from its previous closing of Rs. 1066.70 on the BSE. The scrip opened at Rs. 1062.20 and has touched a high and low of Rs. 1074.95 and Rs. 1059.20 respectively. So far 41562 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 1837.75 on 30-Dec-2021 and a 52 week low of Rs. 944.10 on 17-Jun-2022. Last one week high and low of the scrip stoo...
Tech Mahindra surges after it selected as Nynas` Digital Transformation Partner
Tech Mahindra surges after it selected as Nynas` Digital Transformation Partner
Source: Accord Fintech
16/11/2022 4:12:45 PM