Buy Tech Mahindra, target Rs 750: Dr CK Narayan

Dr CK Narayan of Chart Advise has a buy call on Tech Mahindra Ltd. with a target price of Rs 750. The current market price of Tech Mahindra Ltd. is Rs 737.95. Time period given by the analyst is Intra Day when Tech Mahindra Ltd. price can reach the defined target. Dr CK Narayan recommended to keep stoploss at Rs 730. Tech Mahindra Ltd., incorporated in 1986, is a largecap company with a market cap of Rs 72363.95 crore.
Tech Mahindra Ltd. key Products/Revenue Segments include Software Services which contributed Rs 23165.40 Crore to Sales Value (100.00 % of Total Sales)for the year ending 31-Mar-2017.

For the quarter ended 30-06-2018, the company has reported a Consolidated sales of Rs 8276.28 Crore, up 2.75 % from last quarter Sales of Rs 8054.50 Crore and up 12.82 % from last year same quarter Sales of Rs 7336.10 Crore Company has reported net profit after tax of Rs 911.32 Crore in latest quarter. The company’s top management includes Mr.Anand G Mahindra, Mr.Anupam Puri, Mr.C P Gurnani, Mr.M Damodaran, Mr.Ravindra Kulkarni, Mr.T N Manoharan, Mr.Ulhas N Yargop, Mr.V S Parthasarathy, Mrs.M Rajyalakshmi Rao. Company has Deloitte Haskins & Sells LLP as its auditoRs As on 30-06-2018, the company has a total of 980,320,644 shares outstanding.