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You are here : IndiaNotes >> Research & Analysis >> Companies >> Tech Mahindra Ltd. >> Research

Reliance Securities Market Lens (27 Dec 17)

Reliance Securities | 27 Dec, 2017  | Follow Author | Add to my Favourites 
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Tech Mahindra’sstock price rose by 0.5% in yesterday’s trade, while the BSE Sensex rose 0.6%.

We expect Tech Mahindra to report 10.5% USD revenue CAGR  and a healthy 14.7% EPS CAGR over the period FY17-FY19E.

We have a BUY rating on Tech Mahindra, with a target price  of Rs 540.

Positional Pick


MRPL (PREVIOUS CLOSE: 128) BUY

Fresh long position can be initiated in the range of Rs127-124 for the target of Rs147 with a strict stop loss of Rs120.

Intraday Picks

APOLLOHOSP (PREVIOUS CLOSE: 1179) SELL
For today’s trade, short position can be initiated in the range of Rs 1188-1194 for the target of Rs1155 with a strict stop loss of Rs 1215.


HEXAWARE (PREVIOUS CLOSE: 336) BUY

For today’s trade, long position can be initiated in the range of Rs 334-331 for the target of Rs344-349 with a strict stop loss of Rs 328.
  Read full report Click here to read the full report

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About Reliance Securities

Reliance Securities, the broking arm of Reliance Capital, is one of the India’s leading retail broking houses, providing customers with access to equities, derivatives, currency, IPOs, mutual funds, bonds, and corporate FDs amongst others. The large array of financial offerings helps customers fulfilling their investment objectives on one platform. Focus on timely & error-free execution represents its core strength. Their best in class research offerings, high degree of compliance with stock exchange regulations, ethical business standards, & strong risk management capabilities; Reliance Securities positions itself amongst strong & innovative brands in the financial services space.


For more information please write in to [email protected]


Disclaimer: The author has taken due care and caution to compile and analyse the data. The opinions expressed above are only the views of the author, and not a recommendation to buy or sell. Neither the author nor IndiaNotes.com accept any liability whatsoever arising from the use of any of the above contents.

 




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