NSE: TECHM | BSE: 532755

Mid-range Performer

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1633.50 -21.70 (-1.31%)

35.07% Gain from 52W Low

374.2K NSE+BSE Volume

NSE 07 Jul, 2025 10:59 AM (IST)

159,959.6

Market Cap

High in industry

1.0

Beta 1Year

Average volatility

Board Meeting

The next board meeting for Tech Mahindra Ltd. is on 16 Jul 2025 for the purpose of Quarterly Results & Others 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.

26 Oct 2023

1633.50

-1.31%

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. has an average target of 1717.80 from 10 brokers.

Tech Mahindra Ltd.

21 Sep 2023

1633.50

-1.31%

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. is trading above its 200 day SMA of 1613.8

Tech Mahindra Ltd.

02 Aug 2023

1633.50

-1.31%

Techno-funda update 01 - TECH MAHINDRA

Buy: Tech Mahindra Ltd.

Recommendation Target

IDBI Capital

Tech Mahindra Ltd. has gained 23.66% in the last 3 Months

Tech Mahindra Ltd.

27 Jul 2023

1633.50

-1.31%

Miss on all fronts; Execution remains key going ahead

Buy: Tech Mahindra Ltd.

Target

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).

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

Tech Mahindra Ltd.

27 Jul 2023

1633.50

-1.31%

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).