Have you ever thought to invest in Tech Mahindra but didn’t invest because of knowledge and questions about TECHM? Don’t worry you are reading the best article about the future price prediction of Tech Mahindra with analysis.
Today we are going to do a detailed analysis that includes technical and target analysis regarding one of the most popular IT companies in India which is Tech Mahindra. Tech Mahindra is one of the popular Sub-Part of the Mahindra group and has its registered office in Mumbai.
We are here to give you some more insights about the company including company annual and quarterly reports which help you, readers, to know more about the company’s current situation. These are the basic knowledge that everyone is willing to know before investing in the shares of a specific company.
About Tech Mahindra
Tech Mahindra is one of the Most Popular Multi-National Companies that Originate in India itself and provides services in the sector of information technology (IT) and business process outsourcing (BPO). British telecom firstly had a 30 percent stake in Tech Mahindra but gradually as time progressed, British Telecom sold its stake to Tech Mahindra itself. This sale marked the company as the only sub-part of Mahindra and Mahindra.
Tech Mahindra Quarterly Result Analysis
As the company’s Quarterly report is given below the June quarter of the financial year 2021, the company made sales of Rs.7,931.50 Cr. in which they made a profit of about Rs.986.20 Cr. after paying taxes. In the September quarter of 2021, the company made sales of around Rs.8,464.90 Cr. in which they made a profit of about Rs.1,559.50 Cr. after paying all the essential taxes.
In the December quarter of 2021, the company made sales of around Rs.9,010.80 Cr. By which they made a profit of about Rs.1,329.50 Cr. after paying all the taxes. In the March quarter of 2022, the company made sales of around Rs.9,318.90 Cr. In which they made a profit of about Rs.1,037.90 Cr. after paying all the taxes. In the June quarter of the financial year 2022, the company made sales of around Rs.9,965.10 Cr. By which they made a profit of about Rs.882.20 Cr. after paying all the taxes.
Tech Mahindra Annual Report Analysis
As the company’s annual report is given below Company sold Rs.23,165.40 Cr. in 2017 till march month in which the company made a profit of about Rs.3,047.30 Cr. In the following year of 2018, till march month the company sold Rs.23,692.20 Cr. by which the company made a profit of about Rs.3,993.90 Cr.
In the year 2019, till March Month Company sold Rs.27,228.10 Cr. by which the company made a profit of about Rs.4,379.70 Cr. In the following year, 2020 till the month of March Company sold Rs.29,225.40 Cr. by which the company made a profit of about Rs.4,534.50 Cr. In the year 2021, till the month of March Company’s net sales is around Rs.29,640.90 Cr. by which they made a profit of around Rs.4,239.10 Cr.
In the annual report of March 2022 company made Rs.34,726.10 Cr. of sales and Rs.4,913.10 Cr. of profit.
TECHM(Tech Mahindra) Share Price Target 2022, 2023, 2024, 2025, And 2030: Now we try to predict a specific target for the shares of tech Mahindra for upcoming years to come. There is a table attached below in which u can see the predicted target according to the company’s present situation.
| Year | Target Of TECHM (Tech Mahindra) |
|---|---|
| 2022(Target-1) | Rs.1352 |
| (Target-2) | Rs.1486 |
| 2023(Target-1) | Rs.1636 |
| (Target-2) | Rs.1749 |
| 2024(Target-1) | Rs.1877 |
| (Target-2) | Rs.2025 |
| 2025(Target-1) | Rs.2192 |
| (Target-2) | Rs.2323 |
| 2030(Target-1) | Rs.2500 |
| (Target-2) | Rs.3000 |
When we go through the chart and predict the target share price for the financial year 2022, we can set the first target for this share as around Rs.1,352, and after attaining that value. The share price of TECH MAHINDRA will show some downward trend too for a while and the second target of this stock we can set is around Rs.1,486.
We can predict the share price value of this stock is around Rs.1,636 and after passing that value Share price of TECH MAHINDRA will show some downfall in the price for a while i.e., the true characteristic of any stock and second target which we can predict for the financial year 2023 is around Rs.1,749.
When can predict the first target share price for the financial year 2024 is around Rs.1,877and after attaining that value they also show a similar trend in the financial year2024 and we can predict the second target for the same year is about or around Rs.2,025.
We can predict the first target for the financial year 2025, for this share is around Rs.2,192 and after getting these value Share price of power grid India will show some downfall in the price of stock and second target of this stock we can set is around Rs.2,323.
We can predict first target share price for the financial year 2030 is around RS. 2,500and second target share price for the same year is around RS. 3,000 because of that I mentioned above that if you are looking for stocks with good returns, TECH MAHINDRA (TECHM) can be a profitable investment option for you.
Conclusion
In this article, We have done a detailed analysis of Tech Mahindra. We were trying to include every aspect in our article which is really essential to know before investing in any specific company’s shares.
Before ending this article, I am going to tell u why you need to buy Tech Mahindra shares for a good return in the future-
- Recently crack deals with Etisalat and Bharti Zain steady revenue is assured.
- Reduced dependence on the European market.
- Has a strong workforce of over 40,000 employees working in over 30 countries.
- High brand recall and visibility is one of the IT companies in India.
If you find this article helpful. Please share this article with your friends and family member and do not forget to share this article on your social media platform.
I am a share market expert for the last five years. I have expertise in technical analysis, and fundamental analysis of stocks, and assets. On this website, I write content like analysis of shares, predict future targets of shares based on analysis, simplify technical analyses, and intraday trading.