NSE: TECHM | BSE: 532755

Strong Performer, Getting Expensive

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1701.90 15.20 (0.90%)

High vol. this week

NSE 22 Jan, 2026 9:24 AM (IST)

166,742.5

Market Cap

High in industry

Beta 1Year

High Volatility

Estimates Miss

Tech Mahindra's Q3FY26 revenue jumps 2.4% QoQ, beats Forecaster estimates by 1.5% See details

Tech Mahindra Ltd. share price target and research reports

Latest analyst research reports with target prices and PDF download for TECHM, BSE:532755 Tech Mahindra Ltd.

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Tech Mahindra Ltd.

19 Jan 2026

1701.90

0.90%

Tech Mahindra (TECHM): Q3FY26 Result Review

Buy: Tech Mahindra Ltd.

Target

IDBI Capital

Tech Mahindra's Q3FY26 performance signals a meaningful turnaround, underpinned by improving growth momentum, sustained margin expansion and strong deal visibility. Revenue grew 1.7% QoQ in CC term, driven by broad-based traction across communications, manufacturing, retail and healthcare, while Europe posted robust 11% YoY growth aided by large deal ramps. EBIT margin expanded sharply to 13.1%, up 290 bps YoY, led by fixedprice productivity gains, pricing discipline and better revenue mix, with management confident of reaching ~15% margins by FY27. Deal wins hit a fiveyear high at USD 1.1bn TCV, up 48% YoY on an LTM basis, anchored by a landmark +USD 500mn European telecom mega-deal that materially enhances...

Tech Mahindra Ltd. average weekly volume is high.

Tech Mahindra Ltd.

19 Jan 2026

1701.90

0.90%

Tech Mahindra

Buy: Tech Mahindra Ltd.

Target

ICICI Direct

Q3FY26 Performance: TechM in Q3FY26 reported a revenue of US$1,610 mn, up 1.5% QoQ/ 2.7% YoY (up 1.7% QoQ / 1.3% YoY in CC terms). EBIT margin was up ~ 100 bps QoQ/~300 bps YoY to 13.1%. Adjusted PAT (ex-one-off from new labour...

Tech Mahindra Ltd. is trading above all available SMAs

Tech Mahindra Ltd.

19 Jan 2026

1701.90

0.90%

Result Update:Tech Mahindra

Buy: Tech Mahindra Ltd.

Target

Axis Direct

We maintain a BUY rating on the stock.

IDBI Capital increased Buy price target of Tech Mahindra Ltd. to 1922.0 on 19 Jan, 2026.

Tech Mahindra Ltd.

19 Jan 2026

1701.90

0.90%

Broad-based growth, strong deal momentum, and margin expansion

Accumulate: Tech Mahindra Ltd.

Recommendation Target

Deven Choksey

The strong rebound in deal wins, expanding EBIT margins, and increasing contribution from large strategic clients provide better earnings visibility into FY27, supporting a gradual re-rating.

IDBI Capital increased Buy price target of Tech Mahindra Ltd. to 1922.0 on 19 Jan, 2026.

Tech Mahindra Ltd.

18 Jan 2026

1701.90

0.90%

Splendid show despite adverse seasonality; maintain BUY

Buy: Tech Mahindra Ltd.

Anand Rathi

Tech Mahindra (“TechM”) delivered a healthy performance even in a furlough quarter, with 1.7% q/q growth in CC revenue, 100bps q/q expansion in EBIT margin to 13.1% and TCV crossing $1bn, on the back of a 5-year, $500m European telco modernisation deal (to ramp up from Q1FY27).

Tech Mahindra Ltd. has an average target of 1783.09 from 11 brokers.

Tech Mahindra Ltd.

07 Nov 2025

1701.90

0.90%

TECH MAHINDRA LTD

Buy: Tech Mahindra Ltd.

Target

Geojit BNP Paribas

Consolidated revenue in Q2FY26 rose 5.1% YoY to Rs. 13,995cr on growth across manufacturing (+5.2% YoY), banking, financial services and insurance (BFSI, +6.2% YoY), retail, logistics and transport (+7.2% YoY) segments. However, revenue fell from communications (-2.2% YoY), technology, media and entertainment (-8.8%...

Tech Mahindra Ltd. average weekly volume is high.

Tech Mahindra Ltd.

15 Oct 2025

1701.90

0.90%

Result Update:Tech Mahindra

Buy: Tech Mahindra Ltd.

Target

Axis Direct

We maintain a BUY rating on the stock.

IDBI Capital increased Buy price target of Tech Mahindra Ltd. to 1922.0 on 19 Jan, 2026.

Tech Mahindra Ltd.

15 Oct 2025

1701.90

0.90%

Good quarter; turnaround progressing slowly

Hold: Tech Mahindra Ltd.

Recommendation Target

ICICI Securities Limited

Tech Mahindra (TechM) delivered a healthy beat on both revenue and margins in Q2FY26. However, turnaround is progressing at a slower pace.

Tech Mahindra Ltd. has an average target of 1783.09 from 11 brokers.

Tech Mahindra Ltd.

15 Oct 2025

1701.90

0.90%

Tech Mahindra

Buy: Tech Mahindra Ltd.

Target

ICICI Direct

Next-gen AI & digital transformation push: TechM is accelerating its transformation with the launch of TechM Orion, an agentic AI platform enabling autonomous business workflows, and the Orion Marketplace for intelligent AI agents. Participation in India's sovereign LLM development initiative positions TechM as a key player in generative AI. These initiatives enhance client stickiness, accelerate AI-led solutions adoption, & create new revenue streams,...