Buy Tech Mahindra Ltd. target Rs 450: Kunal Bothra

Independent analyst Kunal Bothra has a buy call on Tech Mahindra Ltd. with a target price of Rs 450. The current market price of Tech Mahindra Ltd. is 428.55 Time period given by analyst is Intra Day when Tech Mahindra Ltd. price can reach defined target. Kunal Bothra recommended to keep stop loss at Rs 405.0 .

Tech Mahindra Ltd., incorporated in the year 1986, is a Large Cap company (having a market cap of ₹ 40985.09 Cr.) operating in Information Technology sector.

Tech Mahindra Ltd. key Products/Revenue Segments include Software Services which contributed ₹ 20969.80 Cr to Sales Value (100.00 % of Total Sales)for the year ending 31-Mar-2016.

For the quarter ended 31-12-2016, the company has reported a Consolidated sales of ₹ 7557.50 Cr., up 5.44% from last quarter Sales of ₹ 7167.41 Cr. and up 12.78% from last year same quarter Sales of ₹ 6701.14 Cr. Company has reported net profit after tax of ₹ 844.71 Cr. in latest quarter. The company’s CEO is Mr.C P Gurnani. It's Board of Directors include Mr.G Jayaraman, Mr.Anand G Mahindra, Mr.Anupam Puri, Mr.C P Gurnani, Mr.G Jayaraman, Mr.M Damodaran, Mr.Milind Kulkarni, Mr.Ravindra Kulkarni, Mr.T N Manoharan, Mr.Ulhas N Yargop, Mr.V S Parthasarathy, Mr.Vineet Nayyar, Mrs.M Rajyalakshmi Rao. Company has its registered office at Plot no 1, Phase III,, Rajiv Gandhi Infotech Park,, Hinjewadi, Pune, 411057, Maharashtra. Company has Deloitte Haskins & Sells LLP as its auditors. As on 31-03-2017, the company has a total of 974,096,080 shares outstanding.