BSE Code: | NSE Code: | ISIN: | Sector:
Research Report Detail
|Report Date||Call||Price@Call||Target Price
|Current Status||Time Horizon|
|Target Hit|| Long (1Y)
Equirus Securities recommends buy on Tech Mahindra
Equirus Securities has recommended buy on Tech Mahindra for target price of Rs 408. It says we continue to retain our 'add' rating driven by limited visibility on growth and margin recovery which in turn could pressure earnings growth. Faster than anticipated recovery in margin coupled with acceleration in telecom are key risks to our estimates.