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Tech Mahindra – Impeccable execution, re-rating to continue

The strong outlook, along with an undemanding valuation, makes Tech Mahindra an attractive large-cap bet to ride the strong technology up-cycle

October 26, 2021 / 10:17 AM IST
Tech Mahindra – Impeccable execution, re-rating to continue

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PRO Only Highlights
Quarterly performance largely backed by improved realisations
Medium-term triggers China plus and protectionist measures for tyre industry
Valuations not inexpensive; but improved medium-term outlook

Tech Mahindra (Tech M, CMP: Rs 1,524, Market Cap: Rs 147,826 crore) is all set to silence critics with a superlative performance that match the growth rate and the consistency of its large-cap peers. The strongest ever sequential growth with broad-based contribution from all verticals and geographies, stability in margin, albeit supply-side pressures, and robust deal wins are some of the highlights of the quarter that also saw a sharp spike in attrition and record hiring, reiterating the fact...

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