Tech Mahindra s new CEO Mohit Joshi aims to turnaround the company by focusing on key sectors like BFSI, telecom, and manufacturing. He plans to improve productivity, emphasize higher margin service lines, increase revenues, and implement organizational changes with senior level talent and restructuring into different units.
Revenue in dollar terms came in at $1,573 million, up 1.1 per cent sequentially (down 5.7 per cent) YoY. In the constant currency terms,. revenue was up 1.1 per cent QoQ but down 5.4 per cent YoY.
On the daily charts of Tech Mahindra, we are observing a strong positive price action with high volume. Further, momentum indicator viz. RSI is positively poised.