NSE: TECHM | BSE: 532755

Mid-range Performer

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1598.50 19.40 (1.23%)

32.17% Gain from 52W Low

418.5K NSE+BSE Volume

NSE 10 Jun, 2025 9:47 AM (IST)

156,516.3

Market Cap

High in industry

1.1

Beta 1Year

High Volatility

Dividend

Tech Mahindra Ltd. has an upcoming dividend of ₹30.00 per share due on 04 Jul 2025 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.

Tech Mahindra Ltd.

30 Jan 2018

1598.50

1.23%

Tech Mahindra (3QFY18): Improving operational metrics. Upgrade to BUY

Buy: Tech Mahindra Ltd.

Recommendation Target

HDFC Securities

Upgrade to BUY with a TP of Rs 700 based on 15x Dec-19 EPS (vs 13x earlier). Tech Mahindra delivered robust performance in 3QFY18 both on the revenue and margin fronts. Revenue stood at USD 1,209mn (+2.5% QoQ, +2.4% CC), higher than our estimate of USD 1,197mn. Growth was driven by the Enterprise business (+4.2% QoQ, ex-IP +2.8%), led by IP deal integration and traction in Manufacturing (+3.1% QoQ).

Tech Mahindra Ltd. has an average target of 1717.80 from 10 brokers.

Tech Mahindra Ltd.

30 Jan 2018

1598.50

1.23%

Tech Mahindra - 3QFY18 Result Update

Buy: Tech Mahindra Ltd.

Target

Reliance Securities

Tech Mahindra (TechM) has delivered a decent performance in 3QFY18, with its USD revenue rising by 2.5% QoQ to US$1,209mn. While the Enterprise business grew at a robust pace of 4.2% QoQ, the key Communications vertical remained under pressure with revenue growing by a subdued 0.4% QoQ in USD terms. Notably, this vertical contributed 42.8% to TechM's total revenue, marking the lowest level since the acquisition of Satyam. Vertical-wise, Manufacturing and Technology, Media & Entertainment (TME) were the key revenue drivers, with segmental revenue rising by 3.1% and 13% QoQ, respectively. It should be noted that the IP partnership, which TechM entered into last quarter has been included in TME vertical. Led by cost control and...

Number of FII/FPI investors increased from 1089 to 1095 in Mar 2025 qtr.

Tech Mahindra Ltd.

29 Jan 2018

1598.50

1.23%

Tech Mahindra delivered stronger than expected results, with a revenue growth of 2.5% qoq...

Sell: Tech Mahindra Ltd.

Recommendation Target

Emkay

The management believes that Tech Mahindra's strong capabilities and improved demand traction in four key focus areas - Network of Future, IoT, Dev-ops and Customer Experience - would aid in sustaining growth across verticals in the coming quarters. Tech Mahindra's investment in the Acumos platform (with AT&T; on AI) and with Toshiba on Smart Factory along with the recent minority investment in Alitostar in the area of virtualized radio network space is a testimony to the same. In the Telecom business, it is winning consistent orders for the new-age offerings and would witness traction as CY18 evolves (done with the portfolio restructuring) owing to its focused service approach and client relationships. The company is...

Tech Mahindra Ltd. is trading below its 200 day SMA of 1609.1

Tech Mahindra Ltd.

13 Dec 2017

1598.50

1.23%

Management Visit Note of Tech Mahindra

Mgmt Note: Tech Mahindra Ltd.

IDBI Capital

At its analyst meet, Tech Mahindra (TECM) reiterated that it is focused to drive stronger growth in the Enterprise segment (56.3% of revenue). Also, it expects the communications segment to come back to growth in FY19. It confirmed that it has the strategy and senior management in place and now is focused for execution. TECHM articulated its 343' business strategy which focuses on 3 Mega Trends, 4 Big Bets it has taken to cater to these trends and 3 Objectives to achieve the same. This strategy is in place for both the Enterprise and Communications segment. We maintain our TP of Rs499 based on 13x FY19E, in-line with median one-year...

Tech Mahindra Ltd. has an average target of 1717.80 from 10 brokers.

Tech Mahindra Ltd.

11 Dec 2017

1598.50

1.23%

Tech Mahindra (Update): Transformation underway. Maintain NEUTRAL

Neutral: Tech Mahindra Ltd.

Target

HDFC Securities

We believe the stock has already factored in most of the recovery, maintain NEUTRAL with a TP of Rs 540 based on 13x Dec-19 EPS. We attended the Tech Mahindra (TechM) investor meet where the company showcased its Telecom and Enterprise business growth strategy along with Demos of various IoT, Machine Learning and Digital Transformation initiatives. Telecom industry is going through a transformation wherein CSP are spending on building network of the future (5G), Digital Technology, investing in platforms for vertical solutions, IoT network backbone and improving customer experiences.

Tech Mahindra Ltd. is trading below its 200 day SMA of 1609.1

Tech Mahindra Ltd.

16 Nov 2017

1598.50

1.23%

Result Updates

Accumulate: Tech Mahindra Ltd.

Recommendation Target

Angel Broking

Tech Mahindra posted in-line results for 2QFY2018 on all fronts except net profit. In Rupee terms, revenues came in at `7,606cr v/s. `7,582cr expected, up 3.7% qoq. On the operating front, the utilization levels during the quarter came in at 81% v/s. 77% in 1QFY2018, which along with volume also aided the margins to come in higher. On the..

Tech Mahindra Ltd. is trading below its 200 day SMA of 1609.1

Tech Mahindra Ltd.

08 Nov 2017

1598.50

1.23%

Result Update:Tech Mahindra

Buy: Tech Mahindra Ltd.

Recommendation Target

Axis Direct

TechM reported revenue growth of 3.6% QoQ (Organic: +2.4%, CJS: ~USD 14 mn, CC: 2.3% QoQ) to USD 1,179 mn (AxisCapE/Cons.: USD 1,165 mn/USD 1,172 mn).

Tech Mahindra Ltd. is trading above its 150 day SMA of 1598.2

Tech Mahindra Ltd.

03 Nov 2017

1598.50

1.23%

Tech Mahindra - 2QFY18 Result Update

Buy: Tech Mahindra Ltd.

Target

Reliance Securities

Looking ahead, we expect TechM's Enterprise business to sustain healthy growth momentum. We also expect growth metrics in Communications business to improve further, which could be a key driver for a multiple rerating, apart from margin expansion. We believe that valuation at 11.8x FY19E EPS, which leaves little room for downside, is another positive aspect. Upwardly revising our target PE multiple to 13x from 12x earlier, we maintain our BUY...

Number of FII/FPI investors increased from 1089 to 1095 in Mar 2025 qtr.

Tech Mahindra Ltd.

02 Nov 2017

1598.50

1.23%

Tech Mahindra (2QFY18): Recovery in progress. Maintain NEUTRAL

Neutral: Tech Mahindra Ltd.

Recommendation Target

HDFC Securities

Maintain NEUTRAL with a TP of Rs 477 based on 12x Sep-19 EPS. Tech Mahindra delivered better-than-expected 2QFY18 numbers, both on the revenue and margin fronts. Revenue stood at USD 1,179mn (+3.6% QoQ, +2.3% CC), higher than our estimate of USD 1,166mn (+1.4% CC). Growth was driven by the Enterprise business (+6.4% QoQ, Organic +3.9%), led by HCI integration (Healthcare) and traction in the BSFI and Manufacturing verticals. Telecom (44% of rev, +0.2% QoQ) remains the laggard, led by weak Comviva (VAS) and restructuring in LCC (Network Services) business.

Number of FII/FPI investors increased from 1089 to 1095 in Mar 2025 qtr.

Is Tech Mahindra Ltd. worth buying?

945 Votes:

Buy 77.57%

Sell 10.9%

Hold 11.53%

RESEARCH REPORTS

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