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

Tech Mahindra: Betting on mega trends; Buy

Motilal Oswal | 12 Dec, 2017  | Follow Author | Add to my Favourites 
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We expect TECHM to grow its USD revenue at a CAGR of 9.7% over FY18-20 and EPS at a CAGR of 9.8% during this period. While profitability improvement has been on-track for the last two quarters, the remainder tailwinds on, and consequent improvement of profitability are likely to feed positively into the valuation multiple. Our price target of INR560 discounts forward earnings by 14x, implying an upside of 15%. Maintain Buy.

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634.65 +2.50
634.70 +2.85
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About Motilal Oswal

Motilal Oswal was founded in 1987 as a small sub-broking unit, with just two people running the show. Today it has a 2000 member team with a networth of Rs7 bn and market capitalization as of March 31, 2008 at Rs19 bn.


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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 accept any liability whatsoever arising from the use of any of the above contents.

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