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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
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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).


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


For all recommendations report, click here

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Tech Mahindra - 270722 - ic

Broker Research
first published: Jul 28, 2022 10:09 pm
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