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Tech Mahindra Share Price: Shares of software and consulting company Tech Mahindra rose nearly 4 per cent on Monday after the company reported a 14 per cent rise
in profit for the third quarter. Tech Mahindra is a component of the BSE Sensex and has a market capitalisation of Rs 1,69,016.63 crore. Following the results, brokerages analysed the performance and issued stock recommendations along with revised price targets.
Nuvama on Tech Mahindra
Nuvama has upgraded Tech Mahindra to ‘Hold’ from ‘Reduce’ and raised its target price to Rs 1,650 from Rs 1,350, citing better-than-expected operational performance in the December quarter and improving deal momentum.The brokerage highlighted that Tech Mahindra delivered strong Q3FY26 results, with revenue growing 1.7 per cent quarter-on-quarter in constant currency terms, surpassing Street estimates. The company also reported a record total contract value (TCV) of $1.096 billion during the quarter, reflecting a pickup in deal wins and client traction.
Nuvama said Tech Mahindra’s fundamentals are strengthening under the leadership of CEO Mohit Joshi, with a sharper focus on sustainability, execution discipline, and balancing growth with margin improvement.
However, Nuvama remains cautious about the company’s longer-term margin aspirations. It said it is sceptical about management’s 15 per cent margin target and currently forecasts operating margins of around 14 per cent in FY27, which would still represent a meaningful improvement from current levels.
Tech Mahindra Q3 Results
IT services firm Tech Mahindra posted a 14.11 per cent year-on-year increase in net profit to Rs 1,122 crore for the December quarter, supported by improved operating performance.The Mahindra Group company had reported a profit of Rs 983.2 crore in the same period last year, while net profit stood at Rs 1,194 crore in the September quarter.
Revenue from operations rose to Rs 14,393 crore in the October–December period, compared with Rs 13,286 crore a year earlier and Rs 13,994 crore in the preceding September quarter.
Operating margins improved during the quarter, with the operating profit margin expanding to 13.1 per cent, reflecting a 2.9 percentage point increase, the company said.
Tech Mahindra Share Price
As of 11:30 am, shares of the IT services company were trading 3.3 per cent, or Rs 54.60, higher at Rs 1,725.15. The stock hit an intraday high of Rs 1,734.05, reflecting an upside of 3.8 per cent from the previous close of Rs 1,670.55.(Disclaimer: The above article is meant for informational purposes only, and should not be considered as any investment advice. ET NOW DIGITAL suggests its readers/audience to consult their financial advisors before making any money-related decisions.)
