Table of Contents
Is Techm a good buy?
It recommends a BUY rating on the stock and assign a 20x P/E multiple to the company’s FY24E earnings of Rs 83.7/share to arrive at a TP of Rs 1,700/share. TP implies an upside of 44% from CMP. Promoters held 35.26 per cent stake in the company as of 31-Mar-2022, while FIIs owned 34.27 per cent, DIIs 18.06 per cent.
Why is Techm share falling?
FIIs have been divesting their stake in Tech Mahindra since March 2021. FII’s stake stood at 39.6% in quarter ending December 2020. The stake reduced to 34.3% by the end of March 2022. This stake sell by FIIs added insult to the injury.
What is Techm GID?
from Tech Mahindra/Mahindra Satyam/ Satyam. 4. The Associate ID or GID (Username) may have been modified with the number ‘2’ or ‘3’ to. ensure uniformity.
Is Tech Mahindra a blue chip company?
Tech Mahindra Ltd Part of the larger Mahindra Group known for its automobiles and other products, Tech Mahindra Ltd, is an Indian MNC with a global presence. It is also a blue chip company in India.
What is the future of Tech Mahindra share?
Tech Mahindra Ltd. quote is equal to 1003.200 INR at 2022-07-05. Based on our forecasts, a long-term increase is expected, the “Tech Mahindra Ltd” stock price prognosis for 2027-07-02 is 2379.130 INR. With a 5-year investment, the revenue is expected to be around +137.15%.
Is Tech Mahindra a debt free company?
It is almost a debt-free company as its current D/E ratio stands at a multiple 0.07.” He advised positional investors to accumulate Tech Mahindra shares as and when there is dip in the stock.
Who is owner of Tech Mahindra?
Mahindra GroupTech Mahindra / Parent organization
Is Wipro a blue chip?
Shares of IT blue-chip companies such as Infosys, TCS (Tata Consultancy Services), HCL Technologies and Wipro were among the top gainers on the domestic bourses in Thursday’s trade.
Which IT company is best salary for freshers?
The Indian IT major, Infosys tops the list by offering the highest minimum salary of Rs. 2,07,805 to all the freshers who enter the organisation after completing their graduation.