|
09 Jul 2025 |
Tech Mahindra
|
Consensus Share Price Target
|
1635.40 |
1590.29 |
- |
-2.76 |
hold
|
|
|
|
|
21 Sep 2023
|
Tech Mahindra
|
ICICI Securities Limited
|
1635.40
|
1552.00
|
1274.35
(28.33%)
|
Target met |
Buy
|
|
|
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.
|
|
02 Aug 2023
|
Tech Mahindra
|
IDBI Capital
|
1635.40
|
1380.00
|
1145.65
(42.75%)
|
Target met |
Buy
|
|
|
|
|
27 Jul 2023
|
Tech Mahindra
|
ICICI Securities Limited
|
1635.40
|
910.00
|
1143.20
(43.05%)
|
|
Sell
|
|
|
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).
|
|
27 Jul 2023
|
Tech Mahindra
|
Motilal Oswal
|
1635.40
|
1080.00
|
1099.90
(48.69%)
|
|
Neutral
|
|
|
|
|
27 Jul 2023
|
Tech Mahindra
|
BOB Capital Markets Ltd.
|
1635.40
|
1130.00
|
1099.90
(48.69%)
|
Target met |
Hold
|
|
|
CME a drag (-9% QoQ) in Q1 mainly due to lower network service and discretionary spends together with deal deferrals
|
|
27 Jul 2023
|
Tech Mahindra
|
Bonanza
|
1635.40
|
1225.00
|
1099.90
(48.69%)
|
Target met |
Buy
|
|
|
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).
|
|
27 Jul 2023
|
Tech Mahindra
|
SMC online
|
1635.40
|
|
1099.90
(48.69%)
|
|
Results Update
|
|
|
|
|
27 Jul 2023
|
Tech Mahindra
|
Axis Direct
|
1635.40
|
995.00
|
1099.90
(48.69%)
|
|
Sell
|
|
|
We expect delays in decision-making on IT budgets. Keeping this in view, we recommend a SELL on the stocks.
|
|
10 Jul 2023
|
Tech Mahindra
|
Motilal Oswal
|
1635.40
|
1110.00
|
1147.15
(42.56%)
|
Target met |
Neutral
|
|
|
|
|
03 May 2023
|
Tech Mahindra
|
Geojit BNP Paribas
|
1635.40
|
1131.00
|
1039.60
(57.31%)
|
Target met |
Hold
|
|
|
|