Tech Mahindra Ltd. News and Updates

Name: Latest research reports of Tech Mahindra Ltd. authored by Angel Broking and published by - Trendlyne research reports.
Item: Tech Mahindra Ltd.
Rating: 5
Author: Angel Broking

Keep track of all breaking news on Tech Mahindra Ltd. from all sources in a single place.

Load latest

Tech Mahindra Ltd.

02 Aug 2017

1480.40

-0.11%

Result Updates

Buy: Tech Mahindra Ltd.

Angel Broking

For 1QFY2018 Tech Mahindra posted good set of numbers. The sales came in at US$1,138mn (US$1,127mn expected) v/s. US$1,131mn in 4QFY2017, a qoq growth of 0.6%. In Rupee terms, sales came in at `7,336cr (`7,262cr expected) v/s. `7,495cr in 4QFY2017, a qoq dip of 2.1%. On operating front, the EBIT margins came in at 9.4% (8.6% expected...

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

Tech Mahindra Ltd.

01 Aug 2017

1480.40

-0.11%

Tech Mahindra re-appoints Gurnani as MD & CEO

Economic Times

Popular as CP in his peer group, he played a key role in the transformation of Mahindra Satyam and its eventual merger with Tech Mahindra.

Number of FII/FPI investors increased from 1095 to 1103 in Jun 2025 qtr.

Tech Mahindra shares jump over 7% after Q1 earnings

livemint | 01 Aug 2017 9 more

Tech Mahindra Ltd.

01 Aug 2017

1480.40

-0.11%

Tech Mahindra - 1QFY18 Result Update

Buy: Tech Mahindra Ltd.

Target

Reliance Securities

Tech Mahindra (TechM) has posted a subdued performance in 1QFY18 with its USD revenue rising by just 0.6% QoQ (-0.6% QoQ in CC terms) to US$1,138mn, below our estimates by 3.2%. The key Communications vertical continued to remain under pressure with revenue declining by 1.8% QoQ in USD terms. The vertical contributed 45.2% to total revenue in 1QFY18, the lowest in 19 quarters since 2QFY13. However, the Enterprise business grew at a much better pace of 2.7% QoQ, led by BFSI and Retail verticals. Notably, in line with our estimate, TechM's EBIT margin rose by 75bps QoQ owing to lower SG&A; and other cost. The management believes that TechM has achieved stability in business portfolio and expects positive outcomes to be...

Number of FII/FPI investors increased from 1095 to 1103 in Jun 2025 qtr.

Tech Mahindra Ltd.

01 Aug 2017

1480.40

-0.11%

Result Review of Tech Mahindra

Accumulate: Tech Mahindra Ltd.

Target

IDBI Capital

Q1FY18 revenue in CC declined only by 0.6% QoQ vs. our forecast of a 2.1% QoQ decline. Further, EBIT margin of 9.4%, +120bps QoQ and EPS of Rs9.1, +36%/+5.9% QoQ/YoY also beat to our forecast. TECHM has confirmed that the restructuring of the LCC is complete. In Q1FY18, it secured large deals worth US$325mn, maintaining the quarterly run-rate of FY17. We factor Q1FY18 beat and lower FX assumption (Rs66/67 vs. Rs67.5/Rs67.5 for FY18/19E). We largely maintain our forecast for FY18/19 revenue (US$)/EPS CAGR...

Number of FII/FPI investors increased from 1095 to 1103 in Jun 2025 qtr.

Tech Mahindra Ltd.

01 Aug 2017

1480.40

-0.11%

Tech Mahindra

Hold: Tech Mahindra Ltd.

Recommendation Target

ICICI Securities Limited

ICICI Securities Ltd | Retail Equity Research Tech Mahindra (TechM) reported its Q1FY18 earnings wherein revenue growth was in line with our estimates while EBITDA margins were better than our estimate on the back of lower cost of services US$ revenues grew 0.6% QoQ to $1138.1 million and were in line with our expectation of 0.6% growth and $1,138.5 million Rupee revenues declined 2.1 % QoQ to | 7,336 crore and were in line with our | 7,339 crore estimate...

Tech Mahindra Ltd. is trading below all available SMAs

Tech Mahindra Ltd.

18 Jul 2017

1480.40

-0.11%

Mahindra Group To Invest $1 Billion Across Various Sectors

NDTV Profit

Tech Mahindra will also double its local hiring in the country. IT major Tech Mahindra plans to hire around 2,200 people in the US this year, same as last year.

Tech Mahindra Ltd. is trading below all available SMAs

Tech Mahindra Ltd.

17 Jul 2017

1480.40

-0.11%

Tech Mahindra to hire over 2,000 workers in the US in 2017

IBTimes India

Speaking about the US hiring, Tech Mahindra explained that this was in tune with the US government making it clear that it would like companies to hire locals.

Number of FII/FPI investors increased from 1095 to 1103 in Jun 2025 qtr.

Tech Mahindra will hire around 2,200 people in US this year

Business Standard | 17 Jul 2017

Tech Mahindra Ltd.

15 Jul 2017

1480.40

-0.11%

Tech Mahindra to hire over 2,000 people in US this year

livemint

Tech Mahindra plans to hire around 2,200 people in the US this year, in line with the Trump administration's job creation policy in the country

Number of FII/FPI investors increased from 1095 to 1103 in Jun 2025 qtr.

Amid protectionism, Tech Mahindra to hire over 2,000 people in US this year

Business Standard | 15 Jul 2017 1 more

Tech Mahindra Ltd.

08 Jul 2017, 10:02AM

1480.40

-0.11%

Anand Mahindra, Tech Mahindra executives make public apology over employee sacking

Business Today

Mahindra Group's chairman Anand Mahindra, Tech Mahindra vice-chairman Vineet Nayyar and CEO C P Gurnani all made a public apology over the manner in which an employee of Tech Mahindra was laid off.

Number of FII/FPI investors increased from 1095 to 1103 in Jun 2025 qtr.

Tech Mahindra Layoff: Anand Mahindra apologises for the way an employee was fired

IBTimes India | 08 Jul 2017, 09:56AM 4 more

Is Tech Mahindra Ltd. worth buying?

956 Votes:

Buy 77.62%

Sell 10.88%

Hold 11.51%

RESEARCH REPORTS

Buy SEE REPORTS >

pdf

Sell SEE REPORTS >

pdf