BSE Code: | NSE Code: | ISIN: | Sector:
Research Report Detail
|Report Date||Call||Price@Call||Target Price
|Current Status||Time Horizon|
|Closed|| Long (1Y)
Deutsche Bank maintains buy on Tech Mahindra
Deutsche Bank has maintained its 'buy' call on Tech Mahindra for target price of Rs 725 per share. It says revival in telecom revenue is the key and tighter cost controls & better utilization is important going ahead. Deutsche Bank adds that conditions will reverse in next six months and the target price is based on price to earnings multiple of 17 times FY17 earnings.