Analysts trim price targets on Tech Mahindra

Brokerages have trimmed their price targets on Tech Mahindra NSE 0.10 % owing to weaker-than-expected margin performance in the June quarter.

The IT services company reported a 24.8% sequential decline in net profit at ₹1,132 crore.

CLSA has downgraded the stock to underperform from outperform and cut the target price to ₹1,070 from ₹1,150.