Buy Tech Mahindra, target Rs 735: Shubham Aggarwal

Shubham Aggarwal of Quantsapp Advisory has a buy call on Tech Mahindra Ltd. with a target price of Rs 735. The current market price of Tech Mahindra Ltd. is Rs 705.45. Time period given by the analyst is Intra Day when Tech Mahindra Ltd. price can reach the defined target. Shubham Aggarwal recommended to keep stoploss at Rs 690. Tech Mahindra Ltd., incorporated in 1986, has a market cap of Rs 69505.63 crore.
Tech Mahindra Ltd. key Products/Revenue Segments include Software Services which contributed Rs 27219.60 Crore to Sales Value (100.00 % of Total Sales)for the year ending 31-Mar-2019.

For the quarter ended 30-06-2019, the company has reported a Consolidated sales of Rs 8653.00 Crore, down -2.69 % from last quarter Sales of Rs 8892.30 Crore and up 4.55 % from last year same quarter Sales of Rs 8276.28 Crore Company has reported net profit after tax of Rs 956.90 Crore in latest quarter. The company’s top management includes Dr.Anish Shah, Mr.Anand G Mahindra, Mr.C P Gurnani, Mr.Haigreve Khaitan, Mr.M Damodaran, Mr.T N Manoharan, Mr.V S Parthasarathy, Mrs.M Rajyalakshmi Rao, Ms.Mukti Khaire, Ms.Shikha Sharma. Company has B S R & Co. LLP as its auditors. As on 30-06-2019, the company has a total of 964,352,304 shares outstanding.