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Buy Tech Mahindra, price target Rs 825: Dharmesh Shah

Dharmesh Shah of ICICI Direct has a buy call on Tech Mahindra Ltd. with a target price of Rs 825.0 . The current price of Tech Mahindra Ltd. is Rs 782.25 . Dharmesh Shah recommended to keep a stoploss at Rs 757 .

Tech Mahindra Ltd., incorporated in the year 1986, is a Large Cap company (having a market cap of Rs 77109.27 Crore) operating in IT Software sector.

Tech Mahindra Ltd. key Products/Revenue Segments include Software Services which contributed Rs 27219.60 Crore to Sales Value (100.00 % of Total Sales)for the year ending 31-Mar-2019.

For the quarter ended 30-06-2019, the company has reported a Consolidated sales of Rs 8653.00 Crore, down -2.69 % from last quarter Sales of Rs 8892.30 Crore and up 4.55 % from last year same quarter Sales of Rs 8276.28 Crore Company has reported net profit after tax of Rs 956.90 Crore in latest quarter.

The company’s top management includes Dr.Anish Shah, Mr.Anand G Mahindra, Mr.C P Gurnani, Mr.Haigreve Khaitan, Mr.M Damodaran, Mr.T N Manoharan, Mr.V S Parthasarathy, Mrs.M Rajyalakshmi Rao, Ms.Mukti Khaire, Ms.Shikha Sharma. Company has B S R & Co. LLP as its auditoRs As on 30-09-2019, the company has a total of 964,820,325 shares outstanding.

Source: Economic Times