Prabhudas Lilladher raises target to INR 1,910 for Tech Mahindra stock
Published on 10/21/2026 at 09:46 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSCorporate actions and broker view
- Prabhudas Lilladher raised its target to INR 1,910 on October 16, 2026.
- Second-quarter fiscal 2027 revenue reached USD 1.69 billion, up 6.8 percent year over year.
- The INR 15 interim dividend has an October 23, 2026 record date.
Tech Mahindra (ISIN INE669C01036) delivered EBIT of USD 250 million in the second quarter of fiscal 2027, up 30.4 percent year over year, while Tech Mahindra reported the results on October 15, 2026. The release also recommended a 1:1 bonus issue and declared an interim dividend of INR 15 per share.
Broker target moves higher
Prabhudas Lilladher raised its target from INR 1,900 to INR 1,910 on October 16, 2026, while retaining its Buy recommendation, according to DSIJ. The broker cited revenue and EBIT margin performance ahead of its expectations and the fourth consecutive quarter with deal wins above USD 1 billion.
What does the 14.8 percent margin mean?
Tech Mahindra's second-quarter revenue reached USD 1.69 billion, up 6.8 percent year over year and 2.0 percent from the previous quarter in reported terms. EBIT margin was 14.8 percent, up 260 basis points year over year, while profit after tax increased 23.2 percent to USD 166 million, figures reported by Tech Mahindra. The margin was close to the company's 15 percent fiscal 2027 goal, making execution and further growth the central investor question.
Independent coverage also showed the market's reaction to the results. NDTV Profit reported on October 16, 2026 that Jefferies moved its rating from Underweight to Hold and raised its target from INR 1,260 to INR 1,540. The same report said Kotak Securities kept its Buy rating and lifted its target from INR 1,750 to INR 1,870.
Two dates for shareholders
The next dated corporate actions are October 23, 2026, for the interim dividend record date, and December 15, 2026, for the expected bonus-share credit, subject to approvals, according to Economic Times. The bonus issue gives shareholders one additional share for every share held.
Deal wins support the recovery
Tech Mahindra's quarterly new-deal total contract value reached USD 1.023 billion, up 25.4 percent year over year, and its last-twelve-month deal wins reached USD 4.27 billion, up 34.8 percent year over year. The company also reported headcount of 152,206 and cash and cash equivalents of INR 73.30 billion as of September 30, 2026.
Tech Mahindra stock facts
- Company: Tech Mahindra Limited
- ISIN: INE669C01036
- Ticker: TECHM
- Primary exchange: NSE and BSE
- Sector / Industry: Information technology services
- Latest reported period: Second quarter of fiscal 2027 ended September 30, 2026
- Interim dividend: INR 15 per share
- Bonus issue: 1:1
Market context: Market report BSE Sensex.
