TECHM stock quotes on 1ka10.com

Tech Mahindra with a target price of Rs 898 in its September 1, 2008 in its research report. "Tech Mahindra (TechM) has announced an agreement to acquire a minority equity stake (17%) in Servista, a leading European Systems Integrator.

Buy Tech Mahindra for a target price of Rs 966.Tech Mahindra reported a healthy dollar revenue growth of 5.5% qoq and strong rupee revenue growth of 9.3% qoq aided by the rupee depreciation. The non-BT (non-British Telecom) revenues grew by robust 15.5% qoq in rupee terms while the BT account grew by 5.9% qoq. Within the BT account, revenues under the USD 1 billion BTGS deal grew 36% qoq (Rs 1026 million v/s Rs 754 million) with the project having successfully transitioned to the ramp-up mode over the last few quarters.