Neutral on Tech Mahindra, target price Rs 1,850 : Motilal Oswal Financial Services

Motilal Oswal Financial Services has a neutral call on Tech Mahindra with a target price of Rs 1,850. The current market price of Tech Mahindra is Rs 1670.6. Tech Mahindra, incorporated in year 1986, is a Large Cap company with a market cap of Rs 163041.46 crore operating in IT Software sector. Tech Mahindra's key Products/Revenue Segments include Software Services for the year ending 31-Mar-2024. Financials For the quarter ended 31-12-2024, the company has reported a Consolidated Total Income of Rs 13302.10 crore, down -3.85 % from last quarter Total Income of Rs 13834.72 crore and up .86 % from last year same quarter Total Income of Rs 13188.84 Crore. The company has reported net profit after tax of Rs 982.20 crore in the latest quarter. The company's top management includes Mr.Anand G Mahindra, Mr.Neelam Dhawan, Mr.Amarjyoti Barua, Mr.T N Manoharan, Ms.Shikha Sharma, Mr.Haigreve Khaitan, Dr.Mukti Khaire, Mrs.M Rajyalakshmi Rao, Ms.Penelope Fowler, Dr.Anish Shah, Mr.Mohit Joshi, Mr.Tarun Bajaj. Company has B S R & Co. LLP as its auditors. As on 31-12-2024, the company has a total of 98 Crore shares outstanding. Stock Trading Maximise Returns by Investing in the Right Companies By - The Economic Times, Get Certified By India's Top Business News Brand View Program Stock Trading Market 104: Options Trading: Kickstart Your F&O Adventure By - Saketh R, Founder- QuickAlpha, Full Time Options Trader View Program Stock Trading Technical Analysis for Everyone - Technical Analysis Course By - Abhijit Paul, Technical Research Head, Fund Manager- ICICI Securities View Program Stock Trading Stock Markets Made Easy By - elearnmarkets, Financial Education by StockEdge View Program Stock Trading Renko Chart Patterns Made Easy By - Kaushik Akiwatkar, Derivative Trader and Investor View Program Stock Trading Market 101: An Insight into Trendlines and Momentum By - Rohit Srivastava, Founder- Indiacharts.com View Program Stock Trading Markets 102: Mastering Sentiment Indicators for Swing and Positional Trading By - Rohit Srivastava, Founder- Indiacharts.com View Program Stock Trading Dow Theory Made Easy By - Vishal Mehta, Independent Systematic Trader View Program Stock Trading Market 103: Mastering Trends with RMI and Techno-Funda Insights By - Rohit Srivastava, Founder- Indiacharts.com View Program Stock Trading ROC Made Easy: Master Course for ROC Stock Indicator By - Souradeep Dey, Equity and Commodity Trader, Trainer View Program Stock Trading Heikin Ashi Trading Tactics: Master the Art of Trading By - Dinesh Nagpal, Full Time Trader, Ichimoku & Trading Psychology Expert View Program Stock Trading RSI Made Easy: RSI Trading Course By - Souradeep Dey, Equity and Commodity Trader, Trainer View Program Stock Trading Introduction to Technical Analysis & Candlestick Theory By - Dinesh Nagpal, Full Time Trader, Ichimoku & Trading Psychology Expert View Program Investment Rationale Motilal Oswal Financial Services remains positive about the restructuring at Tech Mahindra under the new leadership and believe this quarter was another step in the right direction. But we expect the impact from these steps to be visible gradually. Further, Tech Mahindra's presence in the Communications segment, which remains under notable duress, makes the new management's job much harder. The brokerage remains on the sidelines, as they believe the current valuation fairly factors in the uncertainties around growth and margin. Motilal Oswal values Tech Mahindra at 25x FY27E EPS with a target price of Rs 1,850 (11% upside). The brokerage reiterates a Neutral rating on the stock. Promoter/FII Holdings Promoters held 35.01 per cent stake in the company as of 31-Dec-2024, while FIIs owned 24.18 per cent, DIIs 30.62 per cent. (You can now subscribe to our ETMarkets WhatsApp channel )