Buy Tech Mahindra With Stop Loss Of Rs 745
Stock market analyst JK Doshi has maintained 'buy' rating on Tech Mahindra Ltd stock to achieve a target of Rs 790 in 3-4 days.
According to analyst, the investors can purchase with stop loss of Rs 745.
Today, the stock of the company opened at Rs 760 on the Bombay Stock Exchange (BSE). The share price has seen a 52-week high of Rs 1158 and a low of Rs 630on BSE.
Current EPS & P/E ratio stood at 57.95 and 13.15 respectively.
Headquartered in Pune, Tech Mahindra Ltd. (TechM) is an IT service provider company.
Tech Mahindra is a JV between Mahindra & Mahindra Limited and BT Group plc, UK with M&M possessing 44% equity stake and BT holding 39% of the stake.
The company has grown speedily to turn the 5th biggest software exporter in the country and first major Telecom Software Provider in India.
As in March this year, the company has over 33,524 employees.
With its core intensity in offering up Telecom Solutions, the company offers up a huge range of services ranging from IT Strategy and Consulting to Systems Integration, Application Development & Maintenance, BPO, Infrastructure Management, Security Consulting, Network Transformation Solutions & Services, Value Added Services and Product Engineering.
Some of its top clients include BT, AT&T, Alcatel-Lucent & O2.
The major part of earnings comes from UK, but it is aggressively increasing its presence in other major economies such as US, Continental Europe, ANZ, Canada & Middle East.