NSE: TECHM | BSE: 532755

Mid-range Performer

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1580.30 14.70 (0.94%)

32.39% Gain from 52W Low

1.4M NSE+BSE Volume

NSE 23 May, 2025 3:31 PM (IST)

154,722.5

Market Cap

High in industry

0.9

Beta 1Year

Low volatility

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.

31 Oct 2023

1580.30

0.94%

Addressing key investor concerns: Current restructuring paving way for potential sustainable value creation

Buy: Tech Mahindra Ltd.

ICICI Securities Limited

We recently upgraded TechM to BUY from Sell (read our report here link). With that, we now delve into and address key ensuing concerns flagged by investors, essentially: 1) Why do we expect margins to revive from Q1FY25 revenue growth from FY26; 2) What are TechM’s capabilities in BFSI? and what opportunities can it tap into to scale up in this vertical?; 3) What is recently appointed COO Atul Soneja’s track record.

Tech Mahindra Ltd. has an average target of 1779.70 from 10 brokers.

Tech Mahindra Ltd.

27 Oct 2023

1580.30

0.94%

Result Update:Tech Mahindra Q2FY24

Sell: Tech Mahindra Ltd.

Axis Direct

Given the uncertainty from the world's largest economies, we expect delays in decision-making on IT budgets. Keeping this in view, we recommend a SELL on the stock.

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

Tech Mahindra Ltd.

26 Oct 2023

1580.30

0.94%

Weak FY24 margin limits the ability to accelerate in FY25

Neutral: Tech Mahindra Ltd.

Target

Motilal Oswal

Tech Mahindra Ltd. has an average target of 1779.70 from 10 brokers.

Tech Mahindra Ltd.

26 Oct 2023

1580.30

0.94%

System reboot and turnaround story may start reflecting from FY25; recommend BUY

Buy: Tech Mahindra Ltd.

Target

ICICI Securities Limited

Tech Mahindra’s (TechM) Q2FY24 result, as expected, was weak on all fronts, including revenue growth and margins. Sequential revenue decline was further exacerbated by weakness in communication vertical globally (where TechM has still very high reliance and which may prove as Achilles heel in Mohit Joshi’s (MD & CEO designate) turnaround efforts at TechM, in our view) and TechM’s conscious efforts to deliberately move out of non-core geographies, clients and service lines.

Tech Mahindra Ltd. is trading below its 150 day SMA of 1607.5

Tech Mahindra Ltd.

21 Sep 2023

1580.30

0.94%

Turnaround around the corner, low hanging fruits around margins; Upgrade to ‘BUY’

Buy: Tech Mahindra Ltd.

Recommendation Target

ICICI Securities Limited

We believe, EBIT margin improvement is a low hanging fruit for TechM’s new CEO Mr. Mohit Joshi; however, top line revival may take some time. That said, Mr Joshi’s opening gambit (appointment of COO Mr. Atul Soneja and an internal reshuffle) bolsters our conviction for a successful turnaround.

Tech Mahindra Ltd. has an average target of 1779.70 from 10 brokers.

Tech Mahindra Ltd.

02 Aug 2023

1580.30

0.94%

Techno-funda update 01 - TECH MAHINDRA

Buy: Tech Mahindra Ltd.

Recommendation Target

IDBI Capital

Tech Mahindra Ltd. is trading above its 100 day SMA of 1554.1

Tech Mahindra Ltd.

29 Jul 2023

1580.30

0.94%

Reported Soft quarter expect growth trajectory coming from H2FY24

Accumulate: Tech Mahindra Ltd.

Recommendation

KRChoksey

TECHM has reported a revenue of USD 1,601 mn, which showed a decline of 1.9% on a YoY basis and 4% on a sequential basis. The decline in revenue was mainly due to challenges in the CME sector, macro uncertainty, and the cyclical nature of 1-2 segments.

Tech Mahindra Ltd. is trading above its 100 day SMA of 1554.1

Tech Mahindra Ltd.

27 Jul 2023

1580.30

0.94%

Weak execution on all fronts – orderbook, revenue growth and margins – warrants derating; reiterate SELL

Sell: Tech Mahindra Ltd.

Target

ICICI Securities Limited

TechM reported a weak set of numbers on all fronts. Revenue at USD 1,061mn was down 4% QoQ (I-Sec: -2.3%, consensus: -1.2%) due to sharp decline of 9.4% QoQ USD in communications (38% of revenue) and 3.2% QoQ USD decline in BFS (16.1% of revenue).