Tech Mahindra Q4 Results- Officially Announced
Tech Mahindra share price shed in the early trade on May 16 after company reported better numbers in the quarter of March 2022.
Tech Mahindra on May 13 reported a 10 percent sequential rise in its consolidated net profit to Rs 1,506 crore.
Tech Mahindra Q4 Results- Net Profit
tech mahindra share price
Tech Mahindra Q4 Results- Rise in Revenue
The IT services major reported a 5.8 percent quarter-on-quarter rise in consolidated revenue from operations to Rs 12,116 crore.
The board of the company has also recommended a final dividend of Rs 15 per share for the financial year ended March 31.
Tech Mahindra Q4 Results- Dividend
Tech Mahindra Q4 Results- Morgan Stanley
Research firm Morgan Stanley has kept overweight rating on the stock and cut target price to Rs 1,650 from Rs 1,800 per share.
There is a robust broad-based revenue growth outlook and have levers to mitigate cost headwinds through FY23.
Tech Mahindra Q4 Results- Broad Revenue
Tech Mahindra Q4 Results- Citi Prediction
Brokerage house Citi has maintained buy rating on the stock but cut target to Rs 1,400 from Rs 1,715 per share.
Broking house Macquarie has kept outperform rating on the Tech Mahindra stock with a target at Rs 1,710 per share.
Tech Mahindra Q4 Results- Macquarie
Tech Mahindra Q4 Results- Swipe Up!!!
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