Tech Mahindra Ltd.    
17 Oct 2019
771.40
1.08%
buy
ICICI Securities Limited
Recently, Tech Mahindra has secured a multiyear contract from AT&T; communications. The expansion of the strategic collaboration focus on accelerating AT&T;'s IT network application, shared systems modernization and movement to the cloud. As per media sources, it is the largest deal with a consideration of ~$1 billion. Previous to this deal, company has bagged an outsourcing contract of $100 million from Vodafone in New Zealand (media sources). Company's management commentary also indicates a revival in large deals, as companies move towards bigger transformation...
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Tech Mahindra Ltd. is trading above it's 200 day SMA of 742.8
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