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Tech Mahindra stocks: Buy Tech Mahindra, target price Rs 1210: JM Financial

has buy call on Tech Mahindra with a target price of Rs 1210. The current market price of is Rs 1112.5. Time period given by analyst is one year when . price can reach defined target.

Tech Mahindra Ltd., incorporated in the year 1986, is a Large Cap company (having a market cap of Rs 109899.45 Crore) operating in the IT Software sector.

Tech Mahindra Ltd. key Products/Revenue Segments include Software Services for the year ending 31-Mar-2022.

Smart Talk

Financials

For the quarter ended 30-06-2022, the company reported a Consolidated Total Income of Rs 12830.00 Crore, up 3.17 % from last quarter Total Income of Rs 12436.08 Crore and up 22.37 % from last year same quarter Total Income of Rs 10484.90 Crore. Company reported net profit after tax of Rs 1147.20 Crore in latest quarter.

Promoter/FII Holdings
Promoters held 35.24 per cent stake in the company as of 30-Jun-2022, while FIIs owned 30.43 per cent, DIIs 20.74 per cent.

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