Tech Mahindra Stock: Buy Tech Mahindra, Price Target Rs 1,090: Kotak Securities | Jobs Vox


Kotak Securities has a Buy call with a price target of Rs 1090. Current market price of Tech Mahindra Ltd. is Rs.1058.75.

Tech Mahindra Ltd., incorporated in the year 1986, is a Large Cap company (having a market cap of Rs 103013.79 Crore) operating in the IT Software sector.

. Key product/revenue segments include software services for the year ending March 31, 2022.


For the quarter ended 09/30/2022, the company reported a consolidated total revenue of Rs.13419.65 Crore, an increase of 4.60% over the previous quarter against a total revenue of Rs.12830.00 Crore and an increase of 20 .21% over the same quarter last year, 113.06 Crore. The company reported a net profit after tax of Rs 1299.16 crore in the last quarter.

Investment rationale
Trading the ascending triangle on the chart and breaking out of the resistance zone is likely

Promoter/FII Holdings
Promoters held 35.22 percent stake in the company as of September 30, 2022, while FIIs held 30.43 percent and DIIs 23.41 percent.

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