Tech Mahindra Hold: ICICI Securities Ne Diya Rs 1600 Ka Target

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AuthorAarav Shah|Published at:
Tech Mahindra Hold: ICICI Securities Ne Diya Rs 1600 Ka Target
Overview

ICICI Securities ne Tech Mahindra par 'Hold' rating maintain ki hai, target price ₹1,600 set kiya hai. Brokerage ne naye CEO Mohit Joshi ke aane ke baad strong turnaround dekha hai, deal momentum badhne aur bade accounts mein tezi ko important factors bataya hai. Management ka FY27 tak 15% EBIT margin achieve karne ka aim hai.

Tech Mahindra ek strong turnaround dikha raha hai, jo FY26 ke December quarter mein sab taraf se achhi performance se pata chalta hai. Yeh positive momentum December 2023 mein Mohit Joshi ke naye CEO banne ke baad aaya hai. Company ka management FY2027 mein apne bade peers ko outperform karne ka aim kar raha hai, jo ki nai ambition dikhata hai.

Yeh optimistic outlook kuch strategic initiatives par based hai. Management ne deal-win momentum mein sudhar hone ki baat kahi, jo future business ke liye ek enhanced pipeline suggest karta hai. Iske alawa, communication vertical mein market share badhne se FY26 ke comparison mein revenue acceleration hone ki ummeed hai. Company USD 20 million revenue run-rate generate karne wale accounts mein bhi tezi se growth dekh rahi hai, jo improved cross-sell aur up-sell opportunities se driven hai.

Tech Mahindra ne FY27 ke end tak 15% EBIT margin achieve karne ka apna target reiterate kiya hai. Yeh ambitious goal primarily gross margins mein improvements se achieve hone ki ummeed hai, jo better cost management aur operational efficiency ko indicate karta hai. Improving growth trajectory ke response mein, ICICI Securities ne FY27 ke liye apne Earnings Per Share (EPS) estimates ko 4% aur FY28 ke liye 2% badhaya hai.

ICICI Securities Tech Mahindra ko uske December 2027 estimated EPS of INR 84 par 19x Price-to-Earnings (P/E) multiple use karke value karna jari rakhe hue hai, jisse ₹1,600 ka target price aata hai. Positive developments aur revised estimates ke bawajood, brokerage ne 'Hold' recommendation maintain ki hai. Yeh stance is view ko reflect karta hai ki stock already ek significant re-rating se guzar chuka hai, aur market earnings mein expected turnaround ko price-in kar chuka hoga.

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