Tech Mahindra shares gain 5% after Q2 results; Nomura keeps Neutral rating
FROM THE WIRE · ECONOMICTIMES.INDIATIMES.COM
Tech Mahindra shares rose after Q2FY27 net profit increased 32.7% year-on-year to Rs 1,586 crore. Nomura retained its Neutral rating, seeing limited upside despite expectations of above-peer growth in FY27, driven by large telecom deals and expansion across other verticals.
Read at the source ↗MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bullishQuarterly results drove a 5% share gain, while the Neutral rating caps the upside view.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
- 01Q2FY27 net profit rose 32.7% year on year to Rs 1,586 crore.
- 02Nomura retained its Neutral rating, seeing limited upside.
- 03Expected above-peer growth in FY27 is driven by large telecom deals.
NEWS IMPACT AND MARKET REACTIONChange from the reference price
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets