Tech Mahindra Limited is engaged in the business of computer programming, consultancy and related services. The Company’s segments include Information Technology (IT) Services and Business Processing Outsourcing (BPO). The Company operates in various sectors, including telecom business and enterprise solutions business. The telecom business provides consulting-led integrated portfolio services to customers, which are telecom equipment manufacturers, telecom service providers and IT infrastructure services.

Stock-Detail

Company Tech Mahindra Limited 
Recommendation Accumulate (Rs.795-RS.800)
CMP Rs.813.30
Stop Loss (SL) Rs.765
Target Price Rs.850-Rs.880
Time Horizon 2-4 Weeks

Stock-Graph

Long term trend is up in this stock. The stock has been in an uptrend and after a moil correction the prices have taken support from its 50 Day EMA and started its upwards move once again. Increase in volume and positive diversion from oscillator indicate that it can move higher from current levels so one can accumulate the stock between (Rs 795-800) With a stop loss of Rs. 765 on closing basis and respected target seems Rs 850-880. Time frame should be 2-4 weeks.

DISCLOSURE IN PURSUANCE OF SECTION 19 OF SEBI (RA) REGULATION 2014

Elite Wealth Advisors Limited does/does not do business with companies covered in its research reports. Investors should be aware that the Elite Wealth Advisors Limited may/may not have a conflict of interest that could affect the objectivity of this report. Investors should consider this report as read more


For Daily Share Market Updates, Daily debt market review, Market Research Analysis reports, Weekly Techno-Funda Report, Fundamental Analysis Report, Monthly Recommended stock Picks, Equity Trading Tips, Upcoming IPO/NFO/Bonds/Ncd’s updates & other related information Subscribe our research plan