Shares of Tech Mahindra surged by 2.77%, trading at ₹1,620.95 as of 11:40 AM today, resulting in a market capitalization increase of ₹4,399 crore. The company’s total market cap now stands at ₹1,58,585.57 crore, up from the previous close.
The rise follows an upgrade by CLSA, which boosted the stock’s rating to “Outperform” and raised the target price to ₹1,749. CLSA noted the company’s ongoing Ebit margin expansion and projected broad-based growth revival by FY26, driven by key sectors like financial services, healthcare, and manufacturing.
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