Tech Mahindra Share Price Review Target

Tech Mahindra is a Large Cap Company having a Market capitalization of Rs 96418 crores and its share price trading at the moment of Rs 996.  Tech Mahindra is one of the India’s leading Multinational company in India.

Here the latest development made by the Tech Mahindra is on the small acquistion of 70%stake that has been done for Ireland based BPO firm for EUR2.1Crores. Tech Mahindra has acquired e Perigord to expand presence in life science & extend capabilities in CPG.

Tech Mahindra is having a great pace of growth. The pace of acquisitions has increased in the past 1-2 years. Here the valuations of Tech Mahindra are inexpensive 15x on FY23E. We could expect the earnings of growth by 16.1% in FY22E and 13.0% in FY23E.

We would like to place Tech mahindra on the upside of 10.6% from the the current market price .

It is the Buy Call of Tech Mahindra for Rs 1135


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