Moneycontrol PRO

Buy Tech Mahindra; target of Rs 1170: ICICI Direct

ICICI Direct is bullish on Tech Mahindra has recommended buy rating on the stock with a target price of Rs 1170 in its research report dated July 27, 2022.

July 28, 2022 / 10:09 PM IST
 
 
live
  • bselive
  • nselive
Volume
Todays L/H
More

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 6.6% over the past five years).



Outlook


We maintain our BUY rating on the stock. We value TechM at Rs 1170 i.e. 15x P/E on FY24E EPS.

Close

For all recommendations report, click here


Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

Tech Mahindra - 270722 - ic

Broker Research
first published: Jul 28, 2022 10:09 pm
Sections
ISO 27001 - BSI Assurance Mark