Tech Mahindra Ltd (TECHM)

Tech Mahindra's Free Cash Flow Exceeds Statutory Profit - 02 May, 2024

Despite a soft earnings report, Tech Mahindra's free cash flow of ₹56b for the year to March 2024 exceeded its reported profit of ₹23.6b, indicating promising signs beyond statutory figures. However, unusual items worth ₹4.6b reduced profits, reflecting non-cash charges. The accrual ratio is -0.15, suggesting high cash conversion but also highlighting the impact of unusual items on statutory profit.

Tech Mahindra Partners With Atento for Generative AI Solutions - 30 Apr, 2024

Tech Mahindra has partnered with Spain-based Atento to deliver end-to-end business transformation solutions and services that leverage Generative AI-powered technologies, as well as customer experience consulting for customers globally.

Tech Mahindra Stock Rises After Upgrade & Turnaround Strategy - 29 Apr, 2024

Tech Mahindra's turnaround strategy has enthused the Street, aiming for industry-leading growth, higher margins, and cost efficiencies. Morgan Stanley upgraded the stock to overweight with a target price of Rs. 1490. The stock rose 1.97% despite Nifty IT falling 0.14%.

Tech Mahindra Announces Dividend Payment and Former Head Launches AI Startup - 28 Apr, 2024

Tech Mahindra announces a dividend payment of Rs 28 per share on August 9th, with expected EPS growth of 194.9% next year. Meanwhile, former India business head Jagdish Mitra launches an AI startup with a proposed initial investment of Rs 65-80 crore.

Tech Mahindra Shares Jump on Three-Year Growth Roadmap - 27 Apr, 2024

Despite missing analyst estimates in Q4, Tech Mahindra shares jumped 7.6% after unveiling a three-year growth roadmap. The company's headcount dropped in FY24, but it plans to continue hiring early career professionals and freshers in FY25.

Tech Mahindra Sets Ambitious Targets for FY27 - 26 Apr, 2024

Despite a decline in Q4FY24 net profit, Tech Mahindra shares rallied up to 10%. The company aims for industry-leading growth and EBIT margins at 15% by FY27.

Tech Mahindra Announces Hiring Plans Amidst Muted Q4 Results - 25 Apr, 2024

Tech Mahindra is expected to deliver muted Q4 results with declining revenues and net profit. However, the company announced plans to hire 6,000 freshers in FY25 and unveiled a three-year plan to achieve 15% operating margin.

Mixed Expectations for Tech Mahindra's Q4 Results - 24 Apr, 2024

Analysts have mixed expectations for Tech Mahindra's Q4 FY24 results, with some predicting a decline in revenue and net profit due to weakness in the telecom business, while others anticipate an operationally strong performance. The company is expected to announce its financial results on April 25th.

Tech Mahindra Ex-CEO Launches AI Venture - 23 Apr, 2024

Former Tech Mahindra CEO, CP Gurnani, has teamed up with InterGlobe's Rahul Bhatia to launch AionOS, an AI venture that will assist firms in decision-making through a SaaS platform in the TTLH sector.

Tech Mahindra's Stock Outlook Weak - 20 Apr, 2024

Tech Mahindra's stock has been declining since January and is expected to drop further to ₹1,030. Short positions can be taken at current levels with a stop-loss at ₹1,300 and an exit target of ₹1,030.

Tech Mahindra's High P/E Ratio Justified by Expected Future Growth - 14 Apr, 2024

Despite a high P/E ratio of 38.9x, Tech Mahindra is expected to see strong future growth with estimated earnings growth of 43% per annum over the next three years compared to the market's forecasted expansion of only 20%. This justifies the higher stock price and investors are willing to pay more for it.

Tech Mahindra Among Top Gainers on BSE Sensex - 12 Apr, 2024

Tech Mahindra is expected to see flat growth in Q4FY24 and a sequential decline in FY25E according to HDFC Securities. The company was among the top gainers on BSE Sensex, which rose by 218 points.

Tech Mahindra Collaborates with Microsoft for Analytics Platform - 10 Apr, 2024

Tech Mahindra is set to release its Q4FY24 financial results, expected to show a significant YoY decline in net profit. The company has also announced a collaboration with Microsoft to launch an analytics platform.

Tech Mahindra Collaborates with AVEVA to Establish CoE - 03 Apr, 2024

Tech Mahindra collaborates with British IT consulting company AVEVA to establish a Centre of Excellence (CoE) at its Pune campus. CLSA has upgraded Tech Mahindra to buy from outperform, but reduced the target price to Rs 1,508 from Rs 1,518. New CEO & MD Mohit Joshi sees AI as a big opportunity.