Whalesbook
Ye jo foreign investors hain na, inka dimaag chalta hai toh sabse pehle India ke IT sector par jaata hai, specially woh companies jo AI mein dum laga rahi hain. March 2026 quarter mein Tech Mahindra, Tata Elxsi, aur LTM mein inka stake badhta dikha hai. Ye ek strategic move hai, matlab sirf AI ka naam nahi, balki companies jo actual mein AI ko use karke growth dikha rahi hain, un par paisa lagaya ja raha hai.
Kaunsi companies ban gayi FIIs ki favourite?
Tech Mahindra ki baat karein toh FIIs ka stake 17.94% se badh kar 18.59% ho gaya. Company ne FY26 mein $6,385 million ka revenue kamaya hai (jo 1.9% zyada hai), operating profit 31.4% badh kar $797 million ho gaya, aur margin 12.6% tak pahunch gaya. Saath hi, saal bhar mein $3,794 million ke deal wins bhi mile hain, jo investors ko attract kar rahe hain.
Tata Elxsi mein toh FII stake 8.57% se seedha 11.08% par pahunch gaya! Lagta hai pehle thoda cautious the, par ab GenAI partnerships aur platform development mein progress dekh kar confidence wapas aa gaya hai.
LTM mein bhi steady increase dikha hai, FII stake 6.63% ho gaya hai. Cheh consecutive quarters se $1.5 billion se zyada ke order inflows aa rahe hain, jisme AI deals bhi shamil hain.
Valuations aur Analysts Kya Kehte Hain?
Ab valuations ki baat karein toh Tech Mahindra ka P/E ratio 27-29 hai, jo industry average (19.78) se 33% upar hai. Iska matlab investors growth ki umeed kar rahe hain, par stock ne pichhle ek saal mein Sensex se (-15.75% vs -8.48%) underperform kiya hai. Tata Elxsi toh aur bhi premium par hai, P/E 39-42 chal raha hai, Design & Tech services ki wajah se. LTM ka P/E 24-26 unke peers ke comparison mein theek lag raha hai.
Analysts ke views mile-jule hain. Tech Mahindra ke liye 'Buy' aur 'Hold' rating hain, average target 1,487-1,583 INR tak ka. Par kuch analysts ne 'Sell' rating bhi di hai, aur MarketsMOJO ne toh ab 'Sell' kar diya hai. Tata Elxsi ke liye 'Hold' rating aur target 3,900-4,163 INR ke aas-paas hai, par bechne ki salah bhi hai. LTM mein bhi 'Outperform' aur 'ADD' ratings hain, par kuch 'Moderate Sell' bhi keh rahe hain. Global uncertainties toh hain hi, par AI aur digitalization support kar rahe hain.
Abhi Bhi Kuch Risks Hain Ya Sab Set Hai?
Risks bhi kam nahi hain, bhai. Tech Mahindra ka premium valuation aur pichhle saal ka underperformance thoda worrying hai. Kuch analysts ki 'Sell' rating aur MarketsMOJO ka downgrade bhi dikhata hai ki kuch underlying concerns hain. Tata Elxsi ka P/E kaafi high lag raha hai, jo overvalued hone ka risk badha sakta hai. LTM mein bhi mixed analyst views hain aur rating downgrade bhi hua hai, jo near-term performance par asar daal sakta hai. Global economic factors aur AI sector mein tough competition bhi challenges hain.
Aage Kya Ho Sakta Hai? Analyst Targets Ka Outlook
Future growth ki baat karein toh Tech Mahindra ke liye 1,487-1,583 INR ka target hai, matlab 1.82% se 17.87% tak ka upside possible hai. Tata Elxsi ka target 3,900-4,163 INR hai, jo flat ya thoda downside dikha raha hai. LTM ke liye 4,300-4,700 INR ka target hai, matlab decent growth. Companies ke management keh rahe hain ki AI initiatives, client engagement, aur new offerings growth ko boost karegi.