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Research Report Detail
|Report Date||Call||Price@Call||Target Price
|Current Status||Time Horizon|
Nomura Downgrades Tech Mahindra to Neutral
Nomura has downgraded Tech Mahindra to 'neutral' from 'buy' and has cut its target price to Rs 560 from Rs 625. Nomura says that Tech Mahindra is likely to see near-zero organic revenue growth in FY16 and It expects EBIT margin recovery to 15 per cent from current (Q4) 12.4 per cent to be delayed by a year to FY17.