Tech Mahindra Ltd. News and Updates

Name: Latest research reports of Tech Mahindra Ltd. authored by IDBI Capital and published by - Trendlyne research reports.
Item: Tech Mahindra Ltd.
Rating: 3
Author: IDBI Capital

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Tech Mahindra Ltd.

04 Feb 2020

1459.20

-0.18%

Tech Mahindra Q3 profit better than expected; highlights of analyst call

Moneycontrol

The deal signed in 3Q will see some addition cost impact in 4Q.

IDBI Capital increased Buy price target of Tech Mahindra Ltd. to 1850.0 on 17 Jul, 2025.

Tech Mahindra An outperformer, but can it continue to lead?

Moneycontrol | 04 Feb 2020 1 more

Tech Mahindra Ltd.

03 Feb 2020

1459.20

-0.18%

Q3FY20 Result Review : Tech Mahindra

Hold: Tech Mahindra Ltd.

Target

IDBI Capital

TECHM's reported a strong revenue growth in Q3FY20, while EBIT margin was a miss. Revenue grew by 4.3% QoQ in CC (5.1% in US$) vs. our forecast of 2.3%. EBIT margin saw a decline of 60bps QoQ to 12.2% vs our forecast of 12.7%. Further, EPS of Rs13.2, +1.9%/-3.2%, QoQ/YoY was aided by higher other income and was a beat. In Q3, TECHM has continued its deal win momentum with net new wins of ~US$1.23bn which includes ~US$1.08 bn from Enterprise segment and ~US$145mn from...

Tech Mahindra Ltd. is trading below all available SMAs

Tech Mahindra Ltd.

02 Feb 2020

1459.20

-0.18%

In Q3, Tech Mahindra beats rivals on revenue, but margins shrink

livemint

Communications vertical led the growth, while the ramp-up of a large deal drove 8.9% revenue growth.On a 5.1% rise in dollar revenues, operating earnings grew just 1% last quarter

Tech Mahindra Ltd. has an average target of 1742.18 from 11 brokers.

Tech Mahindra Ltd.

01 Feb 2020

1459.20

-0.18%

Acquisition may boost Tech Mahindra

Business Line

Tech Mahindra on Friday said it will acquire 70 per cent stake in Bengaluru-based Cerium Systems at an enterprise value of up to 245 crore. The acqu

Tech Mahindra Ltd. has an average target of 1742.18 from 11 brokers.

Tech Mahindra to pick 70% stake in Cerium Systems

Economic Times | 31 Jan 2020 7 more

Tech Mahindra Ltd.

01 Feb 2020

1459.20

-0.18%

Tech Mahindra (3QFY20): Improving business traction. Maintain BUY

Buy: Tech Mahindra Ltd.

Target

HDFC Securities

Revival in Enterprise coupled with Telecom traction (large deal win and healthy pipeline) is supporting growth. BFSI growth will continue led by strong deal wins, Healthcare and TME will recover gradually. Manufacturing will stabilise led by growth in process industry and Auto sector pain is behind. The synergies between Telecom and Enterprise are now visible and can lead to large multi year transformational deal wins. We expect USD revenue CAGR of 7.9% over FY19-22E led by Telecom/Enterprise CAGR of 8.3/7.7%. TechM trades at a P/E of 14.6x FY21E (in line with Tier-1 median P/E). The risks to our thesis include deterioration in US/Europe macros, Brexit, trade wars and delay in 5G spend. We maintain BUY on Tech Mahindra based on higher than expected revenue and profits in 3QFY20. Growth visibility has revived for Telecom and Enterprise segment based on strong TCV wins for the second consecutive quarter. We increase earnings est. for FY21/22E by 3.5/4.7% based on better visibility and margin recovery. Our TP stands at Rs 910 based on 15x (~10% premium to 5Y avg.) Dec-21E EPS.

Tech Mahindra Ltd. has an average target of 1742.18 from 11 brokers.

Tech Mahindra Ltd.

01 Feb 2020

1459.20

-0.18%

Q3FY20 Result Update

Sell: Tech Mahindra Ltd.

Target

Prabhudas Lilladhar

TCV was strong at US$1.23 bn (M9FY20: USD 3.2 bn, 151% YoY) led by US$ 900mn mega deal with Jackson National Life, this deal will be executed over a period of six years with revenue flow starting in the Q4FY20E....

Tech Mahindra Ltd. has an average target of 1742.18 from 11 brokers.

Tech Mahindra Ltd.

01 Feb 2020

1459.20

-0.18%

Tech Mahindra

Buy: Tech Mahindra Ltd.

Target

ICICI Securities Limited

Deal wins, positive outlook set stage for FY21E-22E It was a strong quarter on the revenue front with revenues witnessing 5.1% sequential growth (above our 2.5% growth estimate). Growth was driven by telecom (communication) segment, which grew 8.9% QoQ led by ramp up of AT&T; deal in the quarter. In addition, healthy growth in banking & insurance (6.7% QoQ growth) and retail (8.1% QoQ) also drove the growth above expectations. Further, the deal winning momentum continued as TechM witnessed a strong deal intake of $1.23 billion with ~$1.08 billion in...

IDBI Capital increased Buy price target of Tech Mahindra Ltd. to 1850.0 on 17 Jul, 2025.

Tech Mahindra Ltd.

31 Jan 2020

1459.20

-0.18%

Tech Mahindra's deal wins of over $1.3 bn keeping Street sentiment positive

Business Standard

Valuation of over 13 times its FY21 estimated earnings reasonable

IDBI Capital increased Buy price target of Tech Mahindra Ltd. to 1850.0 on 17 Jul, 2025.

Tech Mahindra Ltd.

28 Jan 2020

1459.20

-0.18%

Tech Mahindra sets up Google Cloud centre in Hyderabad to drive digital transformation

Business Today

As part of its TechMNXt charter, Tech Mahindra is focused on leveraging next-generation technologies to enable its customers drive growth and enhance customer experience, said Tech Mahindra Global Head Cloud Services Vivek Gupta