Tech Mahindra share price: Buy Tech Mahindra, target price Rs 1700: Emkay Global

Emkay Global has buy call on Tech Mahindra with a target price of Rs 1700. The current market price of Tech Mahindra is Rs 1440.15.

Time period given by analyst is one year when Tech Mahindra price can reach defined target.

Tech Mahindra Ltd., incorporated in the year 1986, is a Large Cap company (having a market cap of Rs 139219.45 Crore) operating in IT Software sector.

Financials
For the quarter ended 30-06-2021, the company reported a Consolidated Total Income of Rs 10484.90 Crore, up 7.40 % from last quarter Total Income of Rs 9762.50 Crore and up 10.11 % from last year same quarter Total Income of Rs 9522.40 Crore. Company reported net profit after tax of Rs 1365.70 Crore in latest quarter.


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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