Tech Mahindra
The company has been focusing on margin improvement as EBIT margins have improved 260 bps in FY21 vs. FY20. TechM also indicated that margin...
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Tech Mahindra: Efficient Execution Leads To Better-Than-Expected Performance
We recommend a BUY rating on the stock and assign a 21x P/E multiple to the company's FY24E earnings of Rs 82.6/share to arrive at a TP of Rs 1,700...
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Tech Mahindra: Strong Execution; Healthy Deal Pipeline
We recommend a BUY rating and assign a 19x P/E multiple to its FY23E earnings of Rs 70/share which gives a TP of Rs 1,310/share, implying an upside...
130 Views
HSIE Results Daily 30 July 2021: Tech Mahindra, SRF Ltd, Colgate Palmolive and More
HSIE Results Daily Tech Mahindra: We maintain a BUY rating on Tech Mahindra (TechM), based on better-than-expected revenue performance, healthy net...
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Improving outlook, but operational metrics stretched
In USD terms, revenue growth of 3.9% QoQ CC in 1QFY22 was above our estimate mainly on account of Communications (+2.9% v/s expectation of flat...
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