Tech Mahindra Stock Falls 2.2% Amid Margin Concerns

  Published 9 months ago

Tech Mahindra drops 2.2% to ₹1,618.6, top IT index loser; Jefferies raises PT but keeps 'underperforming' due to margin drags.

  • Stock down 2.2%, leading NIFTYIT's 0.7% decline amid high pass-through costs and operating expenses.
  • Jefferies upgrades price target to ₹1,430 but maintains 'underperform' rating, 14% downside from last close.
  • Analysts cite the 15% FY2027 margin target as positive, yet costs remain key challenges; stock rated 'hold' on average.

You might like these

Thomas Cook, Google Pay Tie Up

Google to Slash Cloud Prices

Moody’s Warns on U.S. Tariffs Impact

MCX Launches Electricity Futures for Energy Market Growth

China & US Discuss Trade, PBOC & JPMorgan Meet

RBI's New ECL Provisioning Framework

Cupid Limited FY25: Mixed Results & Future Outlook

News that matters the most ⚡