Result Update:Tech Mahindra
Axis Direct
We resume our coverage with a BUY rating on the stock.
Summary | Date | Stock | Author | LTP | Target | Price at reco (Change since reco%) |
Upside(%) | Type | Report | Discuss | |
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17 Jul 2025 | Tech Mahindra |
Axis Direct
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1563.70 | 1775.00 | 1563.70 | 13.51 |
Buy
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17 Jul 2025 | World Economy and Markets |
Axis Direct
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Daily Note
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Daily Fundamental View:17 July 2025
Axis Direct
Asian Markets are trading mixed with investors assessing the fall in Japan's exports for the second consecutive month, as well as U.S. President Donald Trump's denial of his intent to fire Jerome Powell as Federal Reserve Chairman.
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17 Jul 2025 | Market Movement |
Axis Direct
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Top Picks
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17 Jul 2025 | Market Movement |
Ventura
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Daily Note
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17 Jul 2025 | AWL Agri Business |
Deven Choksey
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278.30 | 265.00 | 278.30 | Target met |
Hold
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Weak demand hit margins; outlook improves with palm oil recovery
Deven Choksey
In Q1FY26, AWL experienced a challenging quarter led by muted consumer demand, strategic consolidation of regional rice operations, one-off G2G rice business in the base year, and fluctuations in edible oil prices.
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17 Jul 2025 | SRM Contractors |
Minerva Capital Research Solutions
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510.10 | 500.20 (1.98%) |
Not Rated
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Company Note
Minerva Capital Research Solutions
Order Book of INR 1,461 Cr. (representing 2.8x FY25 revenues) as on Mar’25 with strategic priority on slope and tunnel projects which yield higher profitability further supported by recent credit rating upgrade and experienced management track record.
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17 Jul 2025 | Tech Mahindra |
Deven Choksey
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1563.70 | 1800.00 | 1607.90 (-2.75%) | 15.11 |
Accumulate
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Tech Mahindra Ltd Q1FY26
Deven Choksey
Q1FY26 revenue came in at INR 1,33,512 Mn. (-0.2% QoQ /+2.7% YoY),
in-line with our estimates (-0.9%), driven by growth traction across BFSI, Communication and Retail segments. USD Revenue stood at 1,564 Mn. (+1.0% QoQ CC/ +0.3% YoY CC), better than our expectations of +0.8% QoQ CC growth. |
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17 Jul 2025 | IndiaMART InterMESH |
NDA Securities
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2626.70 | 3297.00 | 2658.90 (-1.21%) | 25.52 |
Buy
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Research Report
NDA Securities
This report presents a comprehensive equity research assessment of IndiaMART InterMESH Ltd., detailing its leadership in India’s B2B discovery ecosystem, expansion into SaaS-led productivitysolutions, and its asset-light, cash-rich financial model.
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17 Jul 2025 | Tech Mahindra |
Emkay
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1563.70 | 1600.00 | 1607.90 (-2.75%) | Target met |
Sell
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17 Jul 2025 | L&T Technology |
Motilal Oswal
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4411.60 | 4300.00 | 4346.80 (1.49%) | -2.53 |
Neutral
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Muted start to the year
Motilal Oswal
L&T Technology’s (LTTS) 1QFY26 revenue declined 2.8% QoQ in USD terms vs. our estimate of ~1.1% QoQ decline. In CC terms, revenue was down 4.2% QoQ. Sustainability grew 4.1% QoQ, while Hi-Tech/Mobility was down 8.5%/1.5% QoQ.
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17 Jul 2025 | Nifty 50 |
SBI Securities
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25111.45 |
Daily Note
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17 Jul 2025 | Bank Nifty |
SBI Securities
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56828.80 |
Daily Note
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16 Jul 2025 | Indian Economy |
Trendlyne Analysis
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Economy Update
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June 2025 Economy Update: CPI inflation moderates MoM, unemployment rises
Trendlyne Analysis
In June, Consumer Price Index (CPI) inflation eased to 2.1%, while Wholesale Price Index (WPI) inflation fell to a 20-month low into the negative zone, at -0.1%. The sequential drop in CPI inflation was mainly driven by price drops in key food categories such as vegetables, pulses, meat & fish, cereals, sugar, milk, and spices.
ICICI Securities highlights that rural demand is outperforming urban demand. The brokerage expects overall consumption growth to remain robust, primarily because rural consumption, a larger component of the total consumption, is now recovering after being significantly impacted by the COVID-19 pandemic in recent years. |
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16 Jul 2025 | Tech Mahindra |
Motilal Oswal
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1563.70 | 2000.00 | 1607.90 (-2.75%) | 27.90 |
Buy
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16 Jul 2025 | JSW Steel |
Motilal Oswal
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1034.20 | 1180.00 | 1029.80 (0.43%) | 14.10 |
Buy
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16 Jul 2025 | Vishal Mega Mart Ltd. |
Motilal Oswal
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136.93 | 165.00 | 137.63 (-0.51%) | 20.50 |
Buy
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16 Jul 2025 | Just Dial |
ICICI Securities Limited
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896.90 | 968.00 | 894.95 (0.22%) | 7.93 |
Hold
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Muted growth trends continue in Q1FY26; visibility on cash distribution remains low
ICICI Securities Limited
Just Dial’s Q1FY26 revenue was up 6.2% YoY, while EBITDA margin was flattish YoY (-74bps QoQ) – despite flat headcount – due to higher other expenses.
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16 Jul 2025 | AWL Agri Business |
ICICI Securities Limited
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278.30 | 360.00 | 262.35 (6.08%) | 29.36 |
Buy
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Volume headwinds continue; Foods outperformance remains critical for rerating
ICICI Securities Limited
AWL reported 20% YoY revenue growth due to pricing action, while volume growth was impacted by weakness in palm oil and rationalisation of rice business.
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16 Jul 2025 | Nifty 50 |
SBI Securities
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25111.45 |
Daily Note
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16 Jul 2025 | Bank Nifty |
SBI Securities
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56828.80 |
Daily Note
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