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Buy Tech Mahindra, target Rs 524.80: ICICI Direct

ETMarkets.com|
Jan 03, 2018, 12.35 PM IST
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ICICI Direct has a buy call on Tech Mahindra with a target price of Rs 524.80.

The current market price of Tech Mahindra is Rs 523.

Time period given by the brokerage firm is 'Intra Day' when Tech Mahindra price can reach defined target.

ICICI Direct recommended to keep a stop loss at Rs 509.70.

Tech Mahindra, incorporated in the year 1986, is a Large Cap company (having a market cap of Rs 50,044.34 Crore) operating in Information Technology sector.

The company's top management includes Mr.Anand G Mahindra, Mr.Anupam Puri, Mr.C P Gurnani, Mr.M Damodaran, Mr.Ravindra Kulkarni, Mr.T N Manoharan, Mr.Ulhas N Yargop, Mr.V S Parthasarathy, Mr.Vineet Nayyar, Mrs.M Rajyalakshmi Rao.

Company has Deloitte Haskins & Sells LLP as its auditors.

As on 30-09-2017, the company has a total of 976,021,040 shares outstanding.
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Disclaimer: This recommendation is analyst's own and does not represent those of economictimes.com & ETMarkets.com. Please consult your financial advisor before taking any position in the stock/s mentioned.

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