1600.0000 19.70 (1.25%)
NSE May 29, 2025 15:31 PM
Volume: 1.8M
 

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Tech Mahindra Ltd.
27 Jul 2023
1600.00
1.25%
Bonanza
TechM’s revenue declined 4% QoQ (4.2% in cc terms) to US$ 1.6bn. EBIT margin declined by 440bps QoQ to 6.8% even after adjusting for one-offs. The sharp decline in CME (down 9.4% QoQ), owing to cut in discretionary spending / closure of network services projects. Deal wins remain weak - stood at US$ 359mn (down c.25% YoY on TTM basis).
Tech Mahindra Ltd. has an average target of 1717.80 from 10 brokers.
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