Time period given by analyst is one year when Tech Mahindra Ltd. price can reach defined target.
Tech Mahindra Ltd., incorporated in the year 1986, is a Large Cap company (having a market cap of Rs 156254.93 Crore) operating in IT Software sector.
Tech Mahindra Ltd. key Products/Revenue Segments include Software Services for the year ending 31-Mar-2021.
Financials
For the quarter ended 30-09-2021, the company reported a Consolidated Total Income of Rs 11163.45 Crore, up 6.47 % from last quarter Total Income of Rs 10484.90 Crore and up 17.64 % from last year same quarter Total Income of Rs 9489.30 Crore. Company reported net profit after tax of Rs 1340.95 Crore in latest quarter.
Investment Rationale
The brokerage raises FY22-24E EPS by 1.3-2.6%, factoring in the Q2 beat and recently announced acquisitions. It maintains Buy with a revised Sep’22 TP of Rs1,870 at 25x Sept’23E EPS (23x earlier), reflecting higher medium-term growth assumptions
Promoter/FII Holdings
Promoters held 35.7 per cent stake in the company as of 30-Sep-2021, while FIIs owned 35.55 per cent, DIIs 16.9 per cent.
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