a day ago
Citi Remains a Sell on Tech Mahindra Limited (TECHM)
Citi analyst Surendra Goyal maintained a Sell rating on Tech Mahindra Limited (TECHM – Research Report) yesterday and set a price target of INR1,430.00. The company's shares closed yesterday at INR1,674.40.
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Goyal covers the Technology sector, focusing on stocks such as LTIMindtree Limited, Tech Mahindra Limited, and HCL Technologies Limited. According to TipRanks, Goyal has an average return of 0.7% and a 60.00% success rate on recommended stocks.
The word on The Street in general, suggests a Hold analyst consensus rating for Tech Mahindra Limited with a INR1,509.15 average price target, which is a -9.87% downside from current levels. In a report released on June 19, Morgan Stanley also downgraded the stock to a Sell with a INR1,575.00 price target.
