Tech Mahindra stock: Prabhudas Lilladher raises target to INR 1,910

Published on 10/20/2026 at 17:45 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Motilal Oswal kept the target at INR 1,950 on October 15, 2026. Tech Mahindra stock closed at INR 1,779.10 on October 19, 2026, down 0.61 percent on NSE.

Analyst target and valuation

Prabhudas Lilladher raised its Tech Mahindra target to INR 1,910 on October 16, 2026.
Tech Mahindra's second-quarter EBIT margin reached 14.80 percent in fiscal 2027.
Tech Mahindra stock closed at INR 1,779.10 on October 19, 2026, down 0.61 percent on the NSE.
The stock traded at a price-to-earnings ratio of 28.59 on October 19, 2026.

Tech Mahindra, INE669C01036, Illustration mit AI erstellt.

Prabhudas Lilladher raised its target for Tech Mahindra from INR 1,900 to INR 1,910 in a research report dated October 16, 2026, while retaining a Buy recommendation, according to Moneycontrol. Tech Mahindra stock closed at INR 1,779.10 on October 19, 2026, down 0.61 percent from the NSE's prior close of INR 1,790.00.

Two targets frame the view

Motilal Oswal also reiterated a Buy rating and set an INR 1,950 target in a report dated October 15, 2026, as Moneycontrol reported. That target stood 9.61 percent above the October 19 NSE close, while Prabhudas Lilladher's target was 7.36 percent higher.

The broker reports differed in their estimates but pointed to the same valuation anchor. Motilal Oswal valued Tech Mahindra at 20 times estimated fiscal 2028 earnings, while Prabhudas Lilladher retained a 20 times multiple for its INR 1,910 target.

Stock stays below its yearly high

Tech Mahindra's NSE range was INR 1,304.10 to INR 1,854.00 over the 52 weeks through October 19, 2026. The close was 4.04 percent below the high and 36.42 percent above the low. Trading volume reached 3,946,128 shares.

The company's second-quarter fiscal 2027 revenue was INR 161.80 billion and operating profit was INR 23.87 billion. Its operating margin was 14.80 percent for the quarter ended September 30, 2026, according to Tech Mahindra. The company also reported net new deal wins of USD 1.023 billion for the quarter.

Comparison with peers

Tech Mahindra: down 0.61 percent, P/E 28.59, market capitalization INR 1.6 trillion as of October 19, 2026.

Infosys: down 2.63 percent, P/E 15.27, market capitalization INR 4.6 trillion as of October 19, 2026.

Tata Consultancy Services: down 0.17 percent, P/E 17.25, market capitalization INR 8.9 trillion as of October 19, 2026.

Analyst targets meet a mixed price picture

Tech Mahindra's October 19 close left the stock below both recent broker targets, while its 28.59 valuation multiple stood above the reported multiples of Infosys and Tata Consultancy Services.

Tech Mahindra stock closed at INR 1,779.10 on the NSE on October 19, 2026 at 4:00 p.m. IST, down 0.61 percent versus the prior close of INR 1,790.00.