Tech Mahindra Shares Rise 3% After Q2 Results, Jefferies Upgrades Stock
Jefferies and Kotak Securities rate stocks including Tech Mahindra.
· NDTV Profit, Business Today Mkts, LiveMint Markets
Tech Mahindra reported its 12th consecutive quarter of margin expansion, prompting Jefferies to upgrade the stock to Hold and Kotak Securities to raise its target price.
The analysis
Earnings versus expectations is what actually re-rates a stock; the surprise matters more than the absolute number.
Market context
- Brokerage calls from Jefferies and Kotak Securities, with ratings on the stocks named. The stocks: Tech Mahindra.
- Over three months: Tech Mahindra +7.3% against IT -3.1% (10.4 points ahead).
| Company | Price | Day | 1M | 3M | From 52-wk high | Volume vs 20-day | Market cap |
|---|---|---|---|---|---|---|---|
| Tech MahindraTECHM · IT | ₹1,790.80 | +1.2% | +17.5% | +7.3% | -2.4% | 0.7× | — |
IT
1M +5.2% · 3M -3.1%
Tech Mahindra
Prices as of 30 Oct 2026, 16:11 IST. Sector moves are the average of the stocks we track in each sector.
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