BSE Code: | NSE Code: | ISIN: | Sector:
Research Report Detail
|Report Date||Call||Price@Call||Target Price
|Current Status||Time Horizon|
|Target Hit|| Long (1Y)
Nirmal Bang maintains sell on Tech Mahindra
Big margin bounce back unlikely in next fiscal. We have not seen consensus earnings upgrade for FY17 and FY18 as well post Q4.The communications segment, which contributes 50 per cent to revenue, seems to be stabilising and will see very low single-digit growth in FY17.