Latest News
-
Vodafone Idea FPO: Shares To Debut Tomorrow; GMP Hints Premium Listing; Shares Slump 9% -
HUL Q4: FMCG Giant Declares 6% Fall In Net To Rs 2406 Cr, Rs 24/Share Dividend Announced -
Closing Bell: Market Ends With Gains For The 4th Straight Day; Nifty Holds Above 22,400, Banks Lead Gains -
1:10 Split, 5 Bonus, 70% Dividend: Crorepati Defene PSU Hits New High, 108605% Returns; BUY For Long Term -
Rs 55/Share Dividend Announced: Multibagger Refineries PSU Declares 72% Jump In Q4 Profit -
PayU Gets RBI's In-principle Nod To Operate As Payment Aggregator -
Rekha Jhunjhunwala Portfolio Stock Jubilant Ingrevia Hits Record High; More Upside Ahead? -
Gold Prices: 10 Grams Of 22-24 Carats Rise By Rs 9,500 To Rs 10,600 From 2024 Lows; Strategy For Buying -
JNK India IPO: Retail Investors Lead With Subscriptions On Day 2; GMP Hints Premium Listing; Check Status -
Rs 60 Dividend: Multibagger Small Cap Power Stock To Consider Dividend Again On May 2
This Mahindra Group Stock Has Fallen 23.79% In 1-year, 31% Down From 52-Week High, Gets A Hold
The share price of Tech Mahindra has fallen by 23.79% in 1-year to Rs 1085.45 per share, which was down by 2.19% even on intraday basis. The share price of this IT bluechip company has plunged by 31% from 52-week high. Recently a securities firm, BOB Capital did share a coverage report on Mahindra Tech and suggested a price target for it. Here are the details.
According to BOB's Capital coverage report, Tech Mahindra's network monitoring service, Sandstorm is a game changer. It allows clients to remotely measure customer experiences across devices. In the report it was given that, "According to the company, this cutting-edge solution allows service providers to remotely measure customer experiences on any device, from smartphones, tablets and virtual reality headsets to smart televisions and connected cars.we expect Sandstorm to spur positive traction in deal wins for the company especially in Horizon 3 engagements."
BOB Capital recommends investors to hold stock of Tech Mahindra Limited. " The stock is trading at 14.1x/11.9x FY24E/FY25E EPS. In its quarterly earnings commentary, Tech Mahindra indicated that it was unlikely to meet its operating margin guidance of 14% for FY23. Moreover, we believe that portfolio rationalisation will continue in H2FY23, impacting revenue in the near term. Given the subdued revenue and margin outlook, we retain HOLD and continue to value the stock at 12.5x FY25E EPS - approximately 20% for an unchanged target price of Rs 1,160 per share.
The current market capitalisation of Tech Mahindra Limited is Rs 1,05,723.34 crore. Its 52-week high is at Rs 1,574.80 per share and 52-week is at Rs 944.10 per share.
Disclaimer:
The stocks have been picked from the brokerage report of BOB Capital Limited. Greynium Information Technologies and the Author, and the respective Brokerage house are not liable for any losses caused as a result of decisions based on the article. Goodreturns.in advises users to consult with certified experts before making any investment decision.
