The strong outlook along with an undemanding valuation makes Tech Mahindra one of the best large-cap bets to ride on the strong technology upcycle
Representative image
PRO Only Highlights
– Quarterly performance largely backed by improved realisations
– Medium-term triggers China plus and protectionist measures for tyre industry
– Valuations not inexpensive; but improved medium-term outlook
– Quarterly performance largely backed by improved realisations
– Medium-term triggers China plus and protectionist measures for tyre industry
– Valuations not inexpensive; but improved medium-term outlook
Tech Mahindra (Tech M, CMP: Rs 1,203 Market Cap: Rs 116,910 crore) has ended the final quarter and the year FY22 on a strong note, thanks to the revenue traction from both communications and enterprise, a tad softer margin mainly on talent crunch but with ample levers to improve, strong deal win, moderation in attrition, and above all a great outlook for FY23. In the past three months, the stock has sharply underperformed the Nifty as well as the…
