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Analyst Tracker: Tech Mahindra gets maximum brokerage upgrades in 1 month; turnaround plan sparks hopes

Money Control · 6m

Tech Mahindra, an IT company, has seen an increase in brokerage analyst upgrades after announcing a strategic vision for a business turnaround. The company aims for over 15% growth in operating profit and higher revenues by 2026-27 through client accounts, restructuring, and new investments. Brokerages have noted the company's efforts in addressing client engagement issues and maintaining a solid deal pipeline. However, uncertainty in demand could impact revenue growth in the near term. Morgan Stanley and Prabhudas Lilladher have a positive outlook, while HSBC and Nuvama express caution about execution challenges. Other IT stocks like Infosys, TCS, HCL Tech, Wipro, and LTI Mindtree had minimal changes in brokerage calls post-earnings. Disclaimer: The mentioned information is the view of investment experts and not Moneycontrol.com's opinion.