NSE: TECHM | BSE: 532755

Mid-range Performer

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1463.20 9.40 (0.65%)

1.3M NSE+BSE Volume

NSE 30 Jul, 2025 3:31 PM (IST)

143,283.1

Market Cap

High in industry

1.1

Beta 1Year

Average 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.

25 Jan 2024

1463.20

0.65%

Tech Mahindra: Q3FY24 Result Review

Hold: Tech Mahindra Ltd.

Recommendation Target

IDBI Capital

Number of FII/FPI investors increased from 1095 to 1103 in Jun 2025 qtr.

Tech Mahindra Ltd.

25 Jan 2024

1463.20

0.65%

Result Update:Tech Mahindra

Sell: Tech Mahindra Ltd.

Target

Axis Direct

Recommendation: 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 1095 to 1103 in Jun 2025 qtr.

Tech Mahindra Ltd.

25 Jan 2024

1463.20

0.65%

Tepid 3Q; margin pickup remains key for a rerating

Neutral: Tech Mahindra Ltd.

Target

Motilal Oswal

Tech Mahindra Ltd. is trading below all available SMAs

Tech Mahindra Ltd.

03 Nov 2023

1463.20

0.65%

TECH MAHINDRA LTD

Hold: Tech Mahindra Ltd.

Target

Geojit BNP Paribas

Tech Mahindra Ltd. has an average target of 1742.18 from 11 brokers.

Tech Mahindra Ltd.

31 Oct 2023, 12:00AM

1463.20

0.65%

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 1742.18 from 11 brokers.

Tech Mahindra Ltd.

27 Oct 2023

1463.20

0.65%

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 1095 to 1103 in Jun 2025 qtr.

Tech Mahindra Ltd.

26 Oct 2023

1463.20

0.65%

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 all available SMAs

Tech Mahindra Ltd.

26 Oct 2023

1463.20

0.65%

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 1742.18 from 11 brokers.

Tech Mahindra Ltd.

21 Sep 2023

1463.20

0.65%

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.