Tech Mahindra Stock: Buy Tech Mahindra, Target Price Rs 1090: Kotak Securities | Tech US News

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Kotak Securities has a Buy call with a target price of Rs 1090. The current market price of Tech Mahindra Limited is Rs.1058.75.

Tech Mahindra Limited, incorporated in the year 1986, is a large cap company (having a market cap of Rs 103013.79 Crore) operating in the IT Software sector.

. Key Products/Revenue Segments include Software Services for the year ending 31-March-2022;

Finance

For the quarter ended 30-09-2022, the company reported a total revenue of Rs.13419.65 crore, which is 4.60% higher than the total revenue of Rs.12830.00 crore in the previous quarter and compared to the corresponding quarter last year. It is 20.21 percent higher. The company reported a profit after tax of Rs 1299.16 crore in the latest quarter.

Investment rationale
An ascending triangle chart formation and breakout from the resistance zone is likely to trade.

Promoter/FII Holdings
Promoters held 35.22 per cent stake in the company as on 30-Sep-2022, while FIIs held 30.43 per cent, DIIs 23.41 per cent.

(Disclaimer: The recommendations given in this section or any reports linked thereto have been authored by an external party. The views expressed are those of the respective authors/institutions. They do not represent the views of the Economic Times (ET). are). ET does not guarantee, does not guarantee. for, endorse any of its content and hereby disclaim all warranties, express or implied, relating thereto. Please consult your financial advisor and get independent advice.

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