Sep. 22 at 5:48 PM
$TECHM.NSE
$IT Share की बिक्री के बाद TECHM 100-दिन के EMA के नीचे गिरा; अमेरिकी नीति से बाजार प्रभावित
Technical Analysis (Daily Chart)
$TECH Mahindra saw a sharp decline today, closing near ₹1505 after a high of ₹1509. The
$STOCK broke below its short-term 20 and 50-day EMAs, with bearish momentum confirmed by a falling RSI (around 47). Parabolic SAR dots above recent candles signal a negative bias, and MACD is declining, highlighting weak trend strength. Price failed to sustain above its 100-day and 200-day EMA, confirming resistance near ₹1550, with immediate support at ₹1490–1470 on daily charts.
Fundamental Analysis
Recent quarterly results showed a YoY PAT jump of 34% and operating margin improvement, but sales and consolidated profit fell sequentially.
$TECH Mahindra presently has a PE of ~33, EV/EBITDA of 19+ (overvalued compared to peers), and ROE near 15.5%, but operating profit growth was just 6.59% per year (five years). Debt-to-equity (0.15) is low, but profit margins and EPS have weakened recently, signaling fundamental challenges. The
$COMPANY remains a strong IT player but faces pricing and margin pressures in a tough macro environment.
Micro & Macro View
At the micro level,
$TECH Mahindra's deal wins, portfolio expansion, and margin expansion project ("Project Fortis") are positives, but attrition and cost management remain concerns. Macro factors such as global IT spending, US visa policy changes, and currency headwinds continue to impact performance.
The recent H-1B visa fee hike hit sector sentiment, pressuring Tech Mahindra and other IT names.
Upcoming Events & Impact
$TECH Mahindra is a Gold Sponsor at Fortinet Security Day 2025 and a premier sponsor at Oracle Health Summit in September, highlighting its focus on security and healthcare verticals.
Ex-dividend date (Jul ’25, ₹30/share) already passed, no major near-term corporate action. Management aims for 15% margins by FY27.
US macro policy changes (H-1B, tariffs) and client budgets are key risk factors for further movement.
Disclaimer
This analysis is prepared for educational purposes only and should not be considered as investment advice or a recommendation to buy/sell any stock. Investments in the stock market are subject to risks. Please consult a SEBI-registered financial advisor before making any investment decisions.
Disclosure
Investogainer Research is a SEBI Registered Research Analyst (Reg. No. INH000012856) and is listed with BSE (Code: 5845).
Neither the analyst nor their family members hold any financial interest or beneficial ownership in the stock at the time of writing this report.
