NIFTY 23907.25 BANK 51135.40

Tech Mahindra Ltd.
Share Price Target & Analysis

NSE:TECHM

1733.36

VWAP

1714.75

Open

1702.25

Close

1749.85

High

1702.25

Low

1761.85

52 Week High

1744.10 ⇧
41.85 (2.46%)

TECHM

(IT)
97% Momentum

Trending & Favourite

1162.95

52 Week Low

29.96

EPS

36.41

PE

7.37

PB

Economical
Quality

Diamond
Valuation

#Analysis

NSE: TECHM Share Price Financial Analysis & Valuation

Tech Mahindra Ltd. (TECHM) is broadly categorized in IT segment industry which deals in Computers - Software vertical. It is one of Large Cap company with Market Capitalization of Rs 140369 (in Cr). Total number of free float shares are 98.1 (in Lacs). Tech Mahindra Ltd. is listed on NSE with Exchange ID - INE669C01036 and trading code is NSE:TECHM with short name Tech Mahindra.

Tech Mahindra Ltd. is a most liquid value blue chip company and also listed in TOP 20 Valuation Picks of NSE. TECHM is having low PE (Price to Earning), low PB (Price to Book) and high DY (Dividend Yield).

Tech Mahindra Ltd. is a Good Quality Stock as it is listed in as TOP 50 Quality Picks by NSE. TECHM is having very good return on equity (ROE), financial leverage (Debt/Equity Ratio) and earning (EPS) growth variability analysed during the previous 5 years.

Tech Mahindra Ltd. is also traded in Future & Options (Derivative segment of NSE).

Tech Mahindra Ltd. is a high yielding company listed on NSE while meeting growth and stability requirements. TECHM is also listed in Top 50 NIFTY Dividend Opportunities Company List.

In the past 1 year, Tech Mahindra Ltd. has declared an equity dividend of Rs 40 per share. At the current share price of TECHM at Rs 1744.10, this results in a dividend yield of 2.29 %.

As per the Fundamental Analysis of NSE:TECHM, which uses revenues, earnings, future growth, financial ratios, return on equity, profit margins, and other data to determine TECHM underlying value and future prospects. All of this data is available in TECHM financial statements.

Quality of the Stock: As per the fundamental analysis of NSE:TECHM, it is clearly understood that TECHM is Economical performer in terms of earnings and profit margins with an EPS of 29.96. NSE:TECHM book value per share as of today is 236.78. The current price to book ratio for TECHM as of Nov 23, 2024 is 7.37.

Valuation of the Stock: The current valuation of TECHM stock is like Diamond which means currently the stock is Very Expensive. Now, it's totally depends upon the risk appetite of an investor and risk-reward ratio of TECHM whether to BUY this stock at current valuation. The delivery percentage of TECHM is 52.51% is very crucial parameter which shows that 52.51% investors are anticipating that the price of TECHM share should go up with VWAP at 1733.36.

Now, the main question is whether to BUY or SELL, NSE:TECHM at current valuation.
As per latest Analysis No. #3257:-

⇑ STRONG BUY TECHM if All Greens

⇗ BUY TECHM (at Lower Levels) if any 2 Greens

⇒ NEUTRAL or HOLD TECHM (With Stop Loss) if only 1 Green

⇘ SELL TECHM if NO Green Indicator

NSE: TECHM Share Price Today (Nov 23, 2024)

(Tech Mahindra Ltd. Daily Analysis on the basis of TECHM Intraday Graph & Trend)

Tech Mahindra Ltd. share price moved Up by 2.46% from its previous close of Rs 1702.25. TECHM stock last traded price is 1744.10. TECHM share price trend is Up with a total of 2343820 stocks traded till now. It has touched an intraday high of Rs 1749.85 and an intraday low of Rs 1702.25. The TECHM trading at 1744.10, Up by Rs. 41.85, or 2.46 percent which suggests that most of the Traders are anticipating that the price of TECHM share should go Up.

NSE: TECHM Share Price Tomorrow Prediction

(Tech Mahindra Ltd. Share Price Prediction for Tomorrow & future forecast is based on Current Trend of TECHM)

Tech Mahindra Ltd. share price moved Up by 2.46%. TECHM share price short term trend is Up. It suggests that TECHM Share Price for Tomorrow remains the same with VWAP at 1733.36 will be treated as stop loss for intraday traders. Tech Mahindra Ltd. Long term investors can follow the TECHM long term trend as mentiond in future forecast table.

NSE Code

NSE: TECHM

TECHM Share Price Today

 1744.10

TECHM Share Price Target Prediction for 2024 ^

 1405.3 - 1770.6

TECHM Share Price Target Prediction for 2025*^

 1770.6 - 1886.2

TECHM Share Price Target Prediction for 2026*^

 1886.2 - 2018.2

TECHM Share Price Target Prediction for 2027*^

 2119

TECHM Share Price Target Prediction for 2028*^

 2180

TECHM Share Price Target Prediction for 2030*^

 2376
TECHM Current Book Value 2023
235.6

*Tech Mahindra Ltd. Short Term & Long Term share price target is based on current financial year earings of the company.
^TECHM share price target prediction for 2024 2025 & 2026 to 2030 is based on current market scenario, future forecast & growth assumptions, they might change subject to market sentiments.

TECHM Technical Analysis

Candlestick Pattern: @1687.5

TECHM Moving Averages

BUY (14) NEUTRAL (0) SELL (0)
MA Simple Action S1 Expo Action E2
MA_5 1687.12 BUY 1681.84 BUY
MA_12 1665.15 BUY 1675.61 BUY
MA_20 1681.16 BUY 1672.11 BUY
MA_32 1663.41 BUY 1661.42 BUY
MA_50 1649.69 BUY 1644.33 BUY
MA_100 1605.44 BUY 1594.77 BUY
MA_200 1439.09 BUY 1478.32 BUY

TECHM Trend Oscillators

BUY (2) NEUTRAL (1) SELL (1)
Trend Oscillators Value Action
Bollinger Bands 1681.16 Uptrend
MACD -0.19 SELL
ADX 22.62 NO or Weak Trend
DMI (+/-) 25.2 / 16.86 Uptrend

TECHM Momentum Oscillators

BUY (1) NEUTRAL (8) SELL (3)
Momentum Oscillators Value Action
RSI 53.37 Neutral
STOCHASTIC_K (Fast) 54.58 Neutral
STOCHASTIC_D (Slow) 59.38 Neutral
CCI 31.46 Neutral
PSAR 1710.65 SELL
TRUE RANGE 29 SELL
ATR 41.82 SELL
WILLIAMS R -30.55 Neutral
TRIX 0 Neutral
STOCHASTIC RSI K 38.92 Neutral
STOCHASTIC RSI D 46.14 Neutral
MOMENTUM 27.2 BUY

TECHM Last 1 Year Trend

Duration Value
1 Year 47.75%
3 Months 12.25%
1 Month 1.64%
1 Week 2.21%

TECHM Technical Analysis Summary

Updated on 2024-11-14
Action Overall (%)
BUY 57%
NEUTRAL / HOLD 30%
SELL 13%

Most popular Questions & Answers about TECHM


Tech Mahindra Ltd. stock last traded price is 1744.10. TECHM share price moved Up by 2.46% from its previous close of Rs 1702.25.

Tech Mahindra Ltd. share price trend is Up with a total of 2343820 stocks traded till now. It has touched an intraday high of Rs 1779.4685 and an intraday low of Rs 1702.25. The TECHM trading at 1744.10, Up by Rs. 41.85, or 2.46 percent which suggests that most of the Traders are anticipating that the price of TECHM share should go Up and the Stop Loss will be around 1733.36.

The market cap of Tech Mahindra Ltd. is ₹140369 (in Cr) as of Nov 22, 2024.

The current price to earning ratio for Tech Mahindra Ltd. as of Nov 22, 2024 is 36.41.

The current price to book ratio for Tech Mahindra Ltd. as of Nov 22, 2024 is 7.37.

The highest price of Tech Mahindra Ltd. stock is ₹1761.85 in the last 52-week.

The lowest price of Tech Mahindra Ltd. stock is ₹1162.95 in the last 52-week.

Tech Mahindra Ltd. share trading at ₹1744.10, Up by Rs. 41.85, or 2.46 percent which suggests that most of the traders are anticipating that the price of TECHM share should go Up.

In 2023, Stock price target for Tech Mahindra Ltd. (TECHM) are ₹1405.3 on downside and ₹1770.6 on upside. Tech Mahindra Ltd. share price target is based on current financial year earings of the company.

In 2024, Stock price target for Tech Mahindra Ltd. (TECHM) are ₹1770.6 on downside and ₹1886.2 on upside. Tech Mahindra Ltd. share price target is based on forecasted future earnings of the company.

In 2025, Stock price target for Tech Mahindra Ltd. (TECHM) are ₹1886.2 on downside and ₹2018.2 on upside. Tech Mahindra Ltd. share price target is based on Discounted Cash Flow (DCF) method uses the projected future cash flows of the business.

In next five years, Stock price target for Tech Mahindra Ltd. (TECHM) will be around ₹2180 Tech Mahindra Ltd. share price target is based on market scenario & growth assumptions, they might change subject to market sentiments and forecasted future earnings of TECHM.

The price of Tech Mahindra Ltd. (TECHM) shares moved by 2.46%. The short-term trend for TECHM share price is Up. It implies that the share price of TECHM will stay the same tomorrow and that intraday traders should treat VWAP at 1733.36 as a stop loss. Investors with a long-term outlook can track TECHM long-term trajectory, which is indicated in the future forecast table.

Estimated DCF Value of TECHM stock is 359.2. Compared to the current market price of 1744.10 INR, the TECHM stock is Overvalued by 79.4%.

As per the fundamental analysis of Tech Mahindra Ltd. (TECHM), it is of Economical quality in terms of earnings and profit margins with an EPS of 29.96. Tech Mahindra Ltd. book value per share as of today is 236.78. The current price to book ratio for TECHM as of Nov 23, 2024 is 7.37.


NSE:TECHM News & Other Useful Information about TECHM Share Price


Peer Comparison of NSE: TECHM

The Peers list includes companies operating in the same industry and having comparable market cap.

Sector: Computers - Software

Company Price EPS BV
TCS 4221.95 130.61 199.33
INFY 1889.20 66.5 195.5
WIPRO 571.40 18.27 110.45
HCLTECH 1897.10 43.51 145.45
TECHM 1744.10 29.96 236.78
LTI 6149.30 125.6 651.6
MINDTREE 3433.85 90.8 331.82
MPHASIS 2884.90 78.74 302.96
TATAELXSI 6586.45 131.16 402.31
PERSISTENT 5796.25 63.3 309.41
Updated at: 22 Nov 2024 15:30

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