Tech Mahindra Share price: 5G opportunity, uptick in enterprise growth and margin expansion are the key pointers
Tech Mahindra has strong expertise in automotive and aerospace verticals. Outlook for the business is healthy post Covid and led by adoption of new technologies across verticals. Tech Mahindra is taking steps to increase participation in the fast-growing digital engineering space. 5G opportunity, uptick in enterprise growth and margin expansion underpin positive view on Tech Mahindra. Kotak maintains buy rating on Tech Mahindra share with target price of Rs 1020.
Tech Mahindra’s engineering services business contributes US $700 mn of revenues accounting for 13-14% of overall revenues. Automotive is the largest vertical followed by aerospace: Reuters