Tech Mahindra may test Rs 1360-1365: Mayuresh Joshi

Mayuresh Joshi of Angel Broking is of the view that Tech Mahindra may test Rs 1360-1365 over the next few sessions.

September 28, 2013 / 13:14 IST

26 Aug, 2025 12:21

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Mayuresh Joshi of Angel Broking told CNBC-TV18, "The management of Tech Mahindra is trying to integrate its enterprise solutions and the products and platforms around the manufacturing, telecom and the BFSI platform. So they have got huge amount of fortune 500 companies signing up, multimillion dollar deals going through. And the other important aspect is their cloud analytics and mobility businesses which are expected to do well."

"So an 11 percent dollar growth and US markets doing well should have discretionary spending come back. So Tech Mahindra again on declines can do pretty well over the next few trading sessions. I think a target of Rs 1360-1365 over the next few sessions on Tech Mahindra is not rolled out," he added.

On September 27, 2013 Tech Mahindra closed at Rs 1,306.15, down Rs 7.90, or 0.60 percent.

first published: Sep 28, 2013 01:14 pm

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