Hold Tech Mahindra With Target Of Rs 866

Hold Tech Mahindra With Target Of Rs 866Stock market analyst Kunal Sarogi has maintained 'hold' rating on Tech Mahindra Ltd stock, which is in a long-term uptrend.

According to analyst, the stock can be purchased with stop loss of Rs 740 with a target of Rs 866.

Today, the stock of the company opened at Rs 762 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 1158 and a low of Rs 630 on BSE.

Current EPS & P/E ratio stood at 57.95 and 13.32 respectively.

Headquartered in Pune, Tech Mahindra Limited offers IT services and solutions to the telecom business throughout the world.

Tech Mahindra's IT services comprise solution integration services, application growth and dircetion, consulting services, managed services, and infrastructure management services.

The company's consulting services consist of strategy planning, appraisal, procurement, and re-engineering solutions, plus planning, audits and best practices.

The major customers of the company include BT, AT&T, Alcatel-Lucent & O2.

The big part of company's revenues arrives from UK, but the company is aggressively strengthening in other major economies such as the United States, Continental Europe, ANZ, Canada & Middle East.