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CLSA has set a price target of ₹2,030 per share, a potential upside of 22% from Monday’s closing.
In its note, the broking firm outlined it remains highly optimistic about Tech Mahindra’s growth trajectory especially its ability to meet its FY27 targets and outperform its peers in terms of revenue growth.
CLSA emphasised that Tech Mahindra’s strong performance is backed by a robust order book, reflecting confidence in the company’s future prospects.The global investment group highlighted the multiple initiatives the company has undertaken to build a solid foundation for sustained growth in the coming years.
The report also mentioned the company’s commitment to improving profitability through disciplined execution and strict focus on operating parameters.
According to CLSA, these efforts have been key factors in driving operational efficiency and improving the bottom line, positioning Tech Mahindra as a leader in the large-cap IT space.Tech Mahindra’s initiatives to boost growth and improve profitability are expected to help the company achieve its ambitious targets.
With a robust strategy and execution discipline in place, CLSA is confident that the company will continue to deliver solid results that will keep it ahead of its competitors.
In January, Mohit Joshi, CEO and Managing Director of Tech Mahindra, shared that 2025 is expected to be a year of consolidation for the technology sector, setting the stage for significant growth in 2026, particularly in the age of artificial intelligence (AI).
In an interview with CNBC-TV18 at the World Economic Forum (WEF) in Davos, he also noted that the regulatory environment seems more favourable with President Donald Trump’s strong focus on technology.
Shares of Tech Mahindra were trading 1.05% higher at ₹1,682.45 apiece on the NSE at 9:37 am.
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