Tech Mahindra will continue to show growth over the next 2-3 years: Dilip Bhat

In a chat with ET Now, Dilip Bhat, Joint Managing Director, Prabhudas Lilladher, shares his views on Tech Mahindra. Excerpts:

ET Now: Are you still bullish on Tech Mahindra as the run up to it has been decent?

Dilip Bhat: For Tech Mahindra, there is still a scope for it to appreciate at least by another 15 to 20 per cent from the current levels, though it has gone up significantly from its bottom.

There is a significant gap between Tech Mahindra and the front line companies. Obviously, Tech Mahindra belongs to the Mahindra Group and the latter has proved that they can be relied upon as far as all their companies are concerned.

Hence, there is no reason why the valuation should not catch up with the other front line companies.

Over the next two to three years, this company will continue to show growth. Therefore, I will be bullish.