Reduce Tech Mahindra, target price Rs 1230: Prabhudas Lilladher
Tech Mahindra with a target price of Rs 1230. The current market price of Tech Mahindra Ltd. is Rs 1469.1.
Tech Mahindra Ltd., incorporated in the year 1986, is a Large Cap company (having a market cap of Rs 142899.77 Crore) operating in IT Software sector.
Tech Mahindra Ltd. key Products/Revenue Segments include Software Services for the year ending 31-Mar-2024.
Financials For the quarter ended 31-03-2024, the company reported a Consolidated Total Income of Rs 13244.80 Crore, up .42 % from last quarter Total Income of Rs 13188.84 Crore and down -5.55 % from last year same quarter Total Income of Rs 14023.70 Crore. Company reported net profit after tax of Rs 657.80 Crore in latest quarter.
Promoter/FII Holdings Promoters held 35.09 per cent stake in the company as of 31-Mar-2024, while FIIs owned 24.15 per cent, DIIs 29.42 per cent.
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