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Tech Mahindra Q2 Review — Motilal Oswal Maintains 'Buy' On The Stock; Sees 29% Upside Potential

Motilal Oswal continues to like Tech Mahindra's bottom-up turnaround story, hence retains 'Buy' rating on the stock.

<div class="paragraphs"><p>Tech Mahindra's revenue stood at $1.6 billion, up 1.6% QoQ CC (up 1.4% QoQ in USD terms), above estimates of 1.0% QoQ CC growth.  (Photo source: Vijay Sartape/NDTV Profit)</p></div>
Tech Mahindra's revenue stood at $1.6 billion, up 1.6% QoQ CC (up 1.4% QoQ in USD terms), above estimates of 1.0% QoQ CC growth. (Photo source: Vijay Sartape/NDTV Profit)
Motilal Oswal remains positive about the restructuring at Tech Mahindra under the new leadership. But expects the impact from these steps to be visible gradually. With the continued strength in BFSI and improving operational efficiency, sees room for continued margin improvement ahead.
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