Friday, 24 March, 2023

After the Q2 Data, Tech Mahindra's Upside Capped:  HDFC Securities

<p>Despite Tech Mahindra&#39;s Q2 performance being in line with street expectations, domestic brokerage company HDFC Securities expects the counter to only gain slightly more than 2% after the September quarter results, with a target price of Rs 1,100. The large-cap stock performed as expected in terms of both sales and margin. Given the spillover of several deals into Q3, the deal closures had been slow during the quarter.</p>