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Research Report Detail
|Report Date||Call||Price@Call||Target Price
|Current Status||Time Horizon|
Religare maintains buy on Tech Mahindra
Tech Mahindra reported mixed earnings in Q3 with dollar revenue growing at 0.4 per cent sequentially. Margin expansion of 66 basis points sequentially to 14.66 per cent was better than estimates. Stock trades cheap at 13.2 times FY17 estimated earnings per share.