Neutral on Tech Mahindra, target price Rs 940: Motilal Oswal

Motilal Oswal Financial Services has neutral call on Tech Mahindra NSE 1.20 % with a target price of Rs 940. The current market price of Tech Mahindra Ltd. is Rs 885.9.

Tech Mahindra Ltd., incorporated in the year 1986, is a Large Cap company (having a market cap of Rs 85471.51 Crore) operating in IT Software sector.

Financials

For the quarter ended 30-09-2020, the company reported a Consolidated sales of Rs 9371.80 Crore, up 2.92 % from last quarter Sales of Rs 9106.30 Crore and up 3.33 % from last year same quarter Sales of Rs 9069.90 Crore Company reported net profit after tax of Rs 1062.70 Crore in latest quarter.