ICICI Securities upgrades rating on Tech Mahindra to 'buy' from 'sell'; says turnaround around the corner

ICICI Securities upgrades Tech Mahindra's rating to 'buy' with a target price of ₹1,552, citing potential for improved margins under new CEO Mohit Joshi.

Sensex, Nifty decline in early trade; Tech Mahindra, Infosys among major laggards

<ul><li>The 30-share BSE Sensex fell 248.57 points to 62,990.32. The NSE Nifty declined 89.3 points to 18,681.95.</li></ul>

Midcaps or largecaps: Which ones do analysts suggest in IT in the current scenario?

stocks

Despite the overall weak sentiment in the IT space as well as a poor outlook ahead, especially in the near-term, mid-cap IT stocks have fared better than large-cap IT stocks. Let's see which ones analysts pick.

IT sector: After mixed March quarter results, brokerages say 'stay selective'; near-term pressure remains

Post the March quarter results, brokerages believe that the near-term outlook for the IT space is worsening and suggest investors 'stay selective'.

Tech Mahindra Q4 net profit falls 27% to ₹1,179.8 crore

<ul><li>For FY23, its net profit came at ₹5,137.6 crore as against ₹5,794.9 crore in the year-ago period.</li></ul>

IT sector's weight in Nifty50 at 5-year low of 12.2%, FMCG's weight rises: Report

BS pointed out that the IT sector’s weight in the index has slipped to a five-year low of 12.2 percent, down from the 17.7 percent at the end of March 2022.

IT Sector: DART has 0 'buy' calls and 2 ‘sell’ calls among top 10 stocks; says midcaps more vulnerable

Analysing the top 10 companies in the IT space, the brokerage had zero ‘buy’ calls and only two ‘accumulate’ calls. Meanwhile, it had 5 ‘reduce’ calls and 2 ‘sell’ calls.

Sensex, Nifty rise in early trade; RIL gains

Among the Sensex firms, Power Grid, Bajaj Finance, Tata Steel, UltraTech Cement, Reliance Industries, Sun Pharma, Tech Mahindra and HDFC Bank were the biggest gainers. Mahindra &amp; Mahindra, Hindustan Unilever, AXIS Bank and ICICI Bank were among the laggards.

Tech Mahindra vs LTIMindtree: Which IT stock is a better long-term investment?

On the back of the recent corrections in the IT space, let's compare LTIMindtree (LTIM) and Tech Mahindra to figure out which offers better long-term investment opportunities.

All Nifty IT stocks declined in the last 1 month amid macro concerns; what should investors do?

Between January 1, 2020, and March 31, 2022, the Nifty IT index rose by approximately 144 percent, while the Nifty 50 index climbed by 44 percent. However, since March 2022, the index has shed 21 percent till date.

Top Tech Mahindra News

markets

ICICI Securities upgrades rating on Tech Mahindra to 'buy' from 'sell'; says turnaround around the corner

markets

Sensex, Nifty decline in early trade; Tech Mahindra, Infosys among major laggards

markets

Midcaps or largecaps: Which ones do analysts suggest in IT in the current scenario?

markets

IT sector: After mixed March quarter results, brokerages say 'stay selective'; near-term pressure remains