Skip to content

Tech Mahindra stocks: Buy Tech Mahindra, target price Rs 1180: JM Financial

  • by

has buy call on Tech Mahindra with a target price of Rs 1180. The current market price of is Rs 1052.95. ., incorporated in the year 1986, is a Large Cap company (having a market cap of Rs 102449.36 Crore) operating in IT Software sector.

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

Financials

For the quarter ended 30-09-2022, the company reported a Consolidated Total Income of Rs 13419.65 Crore, up 4.60 % from last quarter Total Income of Rs 12830.00 Crore and up 20.21 % from last year same quarter Total Income of Rs 11163.40 Crore. Company reported net profit after tax of Rs 1299.16 Crore in latest quarter.


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

(Disclaimer: Recommendations given in this section or any reports attached herein are authored by an external party. Views expressed are that of the respective authors/entities. These do not represent the views of Economic Times (ET). ET does not guarantee, vouch for, endorse any of its contents and hereby disclaims all warranties, express or implied, relating to the same. Please consult your financial adviser and seek independent advice.

.