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Buy Tech Mahindra, price target Rs 780: Kunal Bothra

The analyst suggested a stoploss at Rs 750.

ETMarkets.com|
Updated: Dec 16, 2019, 09.13 AM IST
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Tech Mahindra Ltd., incorporated in the year 1986, is a Large Cap company (having a market cap of Rs 75054.01 Crore) operating in IT Software sector.
Kunal Bothra has a buy call on Tech Mahindra Ltd. with a target price of Rs 780.0 . The current price of Tech Mahindra Ltd. is Rs 761.4 . Kunal Bothra recommended to keep a stoploss at Rs 750 .

Tech Mahindra Ltd., incorporated in the year 1986, is a Large Cap company (having a market cap of Rs 75054.01 Crore) operating in IT Software sector.

Tech Mahindra Ltd. key Products/Revenue Segments include Software Services which contributed Rs 27219.60 Crore to Sales Value (100.00 % of Total Sales)for the year ending 31-Mar-2019.

For the quarter ended 30-06-2019, the company has reported a Consolidated sales of Rs 8653.00 Crore, down -2.69 % from last quarter Sales of Rs 8892.30 Crore and up 4.55 % from last year same quarter Sales of Rs 8276.28 Crore Company has reported net profit after tax of Rs 956.90 Crore in latest quarter.

The company’s top management includes Dr.Anish Shah, Mr.Anand G Mahindra, Mr.C P Gurnani, Mr.Haigreve Khaitan, Mr.M Damodaran, Mr.T N Manoharan, Mr.V S Parthasarathy, Mrs.M Rajyalakshmi Rao, Ms.Mukti Khaire, Ms.Shikha Sharma. Company has B S R & Co. LLP as its auditoRs As on 30-09-2019, the company has a total of 964,820,325 shares outstanding.

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