MOFSL said AI services demand could begin to improve from mid-2026 as hardware-led AI capex intensity moderates. The March-April 2026 budget reset period may serve as an initial indicators, it said.
An analyst from Master Capital Services said that Tech Mahindra has confirmed a bullish breakout above its long-standing horizontal resistance, signaling a shift in market structure.
Brokerage firms JM Financial and Choice Institutional Equities see long-term potential, with target prices suggesting an upside of up to 20 per cent.
TechM Q2 results: PAT was marginally below expectations, while total contract value (TCV) rose 35 per cent year-on-year to $816 million — the highest in 14 quarters and the fourth consecutive quarter above $700 million
Systermatix Institutional Equities has shared its review for the June 2025 quarter earnings of the Indian IT companies and it has buy rating on only one out of six companies under its coverage.
Kotak reiterates its preference for Infosys, TechM, Coforge, and Hexaware as the sector seeks demand tailwinds. It said stock prices have corrected, making valuations less demanding.
Benchmark indices, the BSE Sensex and the NSE Nifty50, opened on a muted note on Friday, continuing their rangebound movement amid a lack of directional cues.
The Indian benchmark indices, the Sensex and Nifty50, opened higher on Thursday, buoyed by positive developments in the trade talks between India and the United States.
Following the development, Mahindra Logistics shares dropped 0.24 per cent to settle at Rs 378.95 on the BSE.
An analyst from Axis Securities said that Tech Mahindra has decisively surpassed the 'multiple resistance' zone of Rs 1,710 with the current close on a closing basis, which shows a sustained uptrend.
TechM Q4: The IT firm's revenue from operations rose 3.98 per cent to Rs 13,384 crore in Q4 FY25 from Rs 12,871.3 crore in the year-ago period. Total expenses fell 1.64 per cent to Rs 12,091.3 crore YoY.





