Positive view, constructive rating on Tech Mahindra: Kawaljeet Saluja

In a chat with ET Now, Kawaljeet Saluja, Executive Director and Head of Research, Kotak Institutional Equities shares his views on Tech Mahindra.

ET Now: What are you expecting from Tech Mahindra?

Kawaljeet Saluja: They will have an okay quarter. Their dollar revenue growth will be 2.7-2.8%, but essentially Tech Mahindra had some good deal wins in 1Q.

On top of that, the business is picking up and based on those deal closures, there is a potential that the revenue growth of this company may catch up with peers in second half of FY14 and FY15.

Valuation of this company is not really demanding. It trades at 11.5 times FY2015 earnings which is inexpensive. We like to stock. We have a positive view and a constructive rating.