Brokerages bullish on Tech Mahindra post Q4 results
Updated : May 22, 2019 08:36 AM IST
Tech Mahindra reported a 7.36 percent year-on-year (YoY) drop in consolidated net profit at Rs 1,132.5 crore for the fourth quarter ended March 2019.
Its revenue rose to Rs 8,892.3 crore in the fourth quarter of 2018-19 fiscal from Rs 8,054.50 crore in the corresponding period of the previous year.
CLSA, Jefferies and Credit Suisse remain bullish on the IT stock within the target price range of Rs 810-950 per share.