​Brokerages see up to 14% upside in Tech Mahindra post Q3 results; what should investors do? - Tech Mahindra December Quarter Results

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Tech Mahindra December Quarter Results

1/5

Tech Mahindra December Quarter Results

Tech Mahindra has garnered mixed reviews from leading brokerage firms following its Q3 results. IT services company Tech Mahindra on Friday reported a 93% growth in consolidated net profit for the quarter ended December 31, 2024.

The bottom line stood at Rs 983 crore (attributable to shareholders of the company), compared to Rs 510 crore reported in the same period last year.

Also Read: Tech Mahindra Q3 Results: Cons PAT soars 93% YoY to Rs 983 crore, revenue up 1%

We have collated a list of recommendations from top brokerage firms from ETNow and other sources:

Agencies

Nomura on Tech Mahindra

2/5

Nomura on Tech Mahindra

Nomura on Tech Mahindra post Q3 results: Buy | Target Rs 1,900 | LTP Rs 1,658 | Upside 14%

Nomura has maintained a Buy rating on Tech Mahindra following its Q3 results, setting a target price of Rs 1,900. At the last traded price (LTP) of Rs 1,658, this implies a potential upside of 14%.

Reuters

Morgan Stanley on Tech Mahindra

3/5

Morgan Stanley on Tech Mahindra

Morgan Stanley on Tech Mahindra post Q3 results: Equal Weight | Target raised to Rs 1,750 from Rs 1,725 | LTP Rs 1,658 | Upside 5%

Morgan Stanley has maintained an Equal Weight rating on Tech Mahindra post its Q3 results. The firm has raised the target price slightly to Rs 1,750 from Rs 1,725, indicating a potential upside of 5% from the last traded price (LTP) of Rs 1,658.

ETMarkets.com

Citi on Tech Mahindra

Citi on Tech Mahindra post Q3 results: Sell | Target Rs 1,440(from Rs 1,475) | LTP Rs 1,658 | Upside 13%

Citi has assigned a Sell rating to Tech Mahindra following its Q3 results, lowering the target price to Rs 1,440 from Rs 1,475. At the last traded price (LTP) of Rs 1,658, this suggests a potential downside for the stock.

ETMarkets.com

Emkay on Tech Mahindra

5/5

Emkay on Tech Mahindra

Emkay on Tech Mahindra post Q3: Add Rating | Target Rs 1,800 | LTP Rs 1,658 | Upside 8%

Emkay has maintained an Add rating on Tech Mahindra following its Q3 results, with a target price of Rs 1,800. At the last traded price (LTP) of Rs 1,658, this reflects a potential upside of 8%.

(Disclaimer: Recommendations, suggestions, views, and opinions given by experts are their own. These do not represent the views of the Economic Times)

ETMarkets.com

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