Analysts said that the company s new CEO, Mohit Joshi, unveiled a 3-year turnaround plan to exceed industry-leading revenue growth by FY27. "We believe near-term monitorable for the company s progress towards this goal would be immediate margin improvement in FY25 and steady revenue growth improvement in subsequent years," said Nomura in a note.
The average analyst price target on Tech Mahindra by Bloomberg after the third quarter results was at ₹1,302, implying a downside of 1.67% from Thursday s closing. Analysts said that the company s weaker performance indicates that turnaround would be tough in the near term, given the weak demand environment.
Axis Bank target price: Motilal Oswal said Axis Bank delivered a mixed bag of performance in the September quarter, with healthy earnings driven by steady margins and sharper liquidity deployment during the quarter.
Cerus revenue growth exceeded expectations. Click here to know why CERS stock has the potential to provide a very substantial return to risk-tolerant investors.