
Tech Mahindra’s Q1 performance has prompted a range of views from analysts. CLSA continues to rate the stock ‘Outperform’ with a target of ₹2,020, highlighting strong order bookings and stable EBIT margins despite modest revenue growth. Nomura also maintains a ‘Buy’ call, noting a solid deal pipeline and improved FY26 revenue guidance. Market expert Mitesh Panchal suggests this is a buying opportunity. He anticipates a strong bounce from these levels, with the stock potentially reaching ₹1,700–1,750 over the next year. As Tech Mahindra enters a likely consolidation phase, is now the right time to enter?