Tech Mahindra shares trade flat post Q3 results; brokerages remain divided

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Tech Mahindra shares trade flat post Q3 results; brokerages remain divided - Business Standard

Quick Summary:

The company reported a net profit of Rs 983.2 crore as compared to Rs 1,250.1 crore in Q2 which implies a fall of 20.

Analysts have mixed views on the Q3 earnings of Tech Mahindra, while some have maintained their rating of the stock, some have revised the target price.

This rate of change of 300 bps margin improvement in the last three quarters will moderate once the cost base resets and the quality of growth becomes a bigger driver.