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Yes Securities has buy call on Tech Mahindra with a target price of Rs 1200. The current market price of Tech Mahindra is Rs 1079.85.
Tech Mahindra Ltd., incorporated in the year 1986, is a Large Cap company (having a market cap of Rs 104572.09 Crore) operating in IT Software sector.
Financials
For the quarter ended 31-03-2021, the company reported a Consolidated Total Income of Rs 9762.50 Crore, down -1.07 % from last quarter Total Income of Rs 9868.00 Crore and down -.13 % from last year same quarter Total Income of Rs 9775.40 Crore. Company reported net profit after tax of Rs 1044.30 Crore in latest quarter.
Investment Rationale
The stock has resumed an uptrend after breaking out of a narrow consolidation phase on good volumes. RSI has also turned upwards, making higher lows and confirming bullishness. Further, it took support at the cluster of its key short-term moving averages, which is a sign of bullishness.
Promoter/FII Holdings
Promoters held 35.8 per cent stake in the company as of Sept 30, 2020, while FIIs held 38 per cent, DIIs 14.4 per cent and public and others 11.8 per cent.
Tech Mahindra Ltd., incorporated in the year 1986, is a Large Cap company (having a market cap of Rs 104572.09 Crore) operating in IT Software sector.
Financials
For the quarter ended 31-03-2021, the company reported a Consolidated Total Income of Rs 9762.50 Crore, down -1.07 % from last quarter Total Income of Rs 9868.00 Crore and down -.13 % from last year same quarter Total Income of Rs 9775.40 Crore. Company reported net profit after tax of Rs 1044.30 Crore in latest quarter.
Did you Know?
Stock score of Tech Mahindra Ltd moved down by 1 in a month on a 10-point scale.
View Latest Stock Report »Investment Rationale
The stock has resumed an uptrend after breaking out of a narrow consolidation phase on good volumes. RSI has also turned upwards, making higher lows and confirming bullishness. Further, it took support at the cluster of its key short-term moving averages, which is a sign of bullishness.
Promoter/FII Holdings
Promoters held 35.8 per cent stake in the company as of Sept 30, 2020, while FIIs held 38 per cent, DIIs 14.4 per cent and public and others 11.8 per cent.
(Disclaimer: Views and recommendations given in this section are the analysts' own and do not represent those of ETMarkets.com. Please consult your financial adviser before taking any position in the stock/s mentioned.
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