ICICI Direct's research report on Tech Mahindra
Tech Mahindra (TechM) has over 1.2 lakh employees across 90 countries serving 1000+ clients with higher exposure to telecom (40% of revenues). Apart from telecom, the company caters to BFSI, manufacturing & retail TechM has grown organically & inorganically (dollar revenue CAGR of 5.6% over the past five years)
Outlook
We continue to remain positive and retain our BUY rating on the stock We value TechM at Rs 1850 i.e. 23x P/E on FY24E EPS
For all recommendations report, click here
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