Tech Mahindra: HDFC Securities on Tech Mahindra Add with Target Price ₹1,510 (maintained) as modest 0.6% QoQ CC revenue growth led by BFSI and communications recovery, strong deal wins (FY26 TCV $3.8bn), improving margins (12.6% EBIT), and AI-led capabilities support outlook for better-than-industry growth and ~15% EBIT margin in FY27.

 23 Apr 2026 08:59 AM

Tech Mahindra: HDFC Securities on Tech Mahindra Add with Target Price ₹1,510 (maintained) as modest 0.6% QoQ CC revenue growth led by BFSI and communications recovery, strong deal wins (FY26 TCV $3.8bn), improving margins (12.6% EBIT), and AI-led capabilities support outlook for better-than-industry growth and ~15% EBIT margin in FY27.