Tech Mahindra weighs bonus issue. PL Research sees Tech Mahindra stock at INR 1,780

Published on 10/14/2026 at 17:43 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

The board will consider a dividend and bonus issue on October 15. PL Research raised its target for Tech Mahindra stock to INR 1,780 from INR 1,650.

Bonus review and earnings date

Tech Mahindra will consider a bonus issue and dividend on October 15, 2026.
Q1 FY27 revenue reached INR 157.00 billion, up 17.70 percent year over year.
PL Research raised its target from INR 1,650 to INR 1,780 on July 17, 2026.

Tech Mahindra, INE669C01036, Illustration mit AI erstellt.

Tech Mahindra (INE669C01036) will consider a bonus issue and dividend alongside its second-quarter results on October 15, 2026. The board agenda gives the stock a concrete near-term event while the latest quarter shows stronger operating momentum.

Three dated company milestones

On July 17, 2026, DSIJ reported that PL Research raised its target for Tech Mahindra from INR 1,650 to INR 1,780 after its Q1 FY27 review.

On October 14, 2026, Business Standard said analysts expected more than 30.00 percent year-over-year growth in second-quarter net profit, while margins faced pressure from wage increases.

On October 15, 2026, Tech Mahindra is scheduled to announce second-quarter results and consider the proposed dividend and bonus issue, according to its investor-relations page.

What does the bonus review add?

The proposal matters because a bonus issue would change the share count without changing the company's underlying earnings. Business Standard reported on October 14, 2026, that the board would also consider a dividend and that approval would represent the first bonus announcement in 11 years.

The Q2 preview also puts execution under scrutiny. Business Standard cited expected deal wins of USD 0.80 billion-USD 1.00 billion and said wage hikes could keep margins broadly flat sequentially.

Q1 operating momentum

For the first quarter of fiscal 2027, Tech Mahindra reported revenue of INR 157.00 billion, up 17.70 percent year over year, according to DSIJ. The same review put adjusted profit after tax at INR 15.00 billion, up 28.40 percent year over year, while EBIT margin expanded 60 basis points quarter over quarter to 14.40 percent.

Deal activity supplied another measurable support: net-new total contract value reached USD 1.078 billion in Q1 FY27, the third consecutive quarter above USD 1.00 billion. The counterweight is a projected 1.00-1.30 percent Q2 revenue headwind from normalization of a large European deal, also described in the DSIJ review.

Stock context before results

The Tech Mahindra quote on the NSE was INR 1,559.00 at 1:52 p.m. IST on October 14, 2026. That dated home-market price sits alongside the October 15 results decision, while the INR 1,780 PL Research target remains a separate analyst reference from July 17, 2026.