Tech Mahindra stock gains as Goldman Sachs keeps a sell call
Published on 09/02/2026 at 06:40 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Tech Mahindra (INE669C01036) stock closed at INR 1,640.00 on September 1, 2026, with a market capitalization of INR 160,533.49 crore and a daily gain of 0.48 percent. ET Now reported on September 2, 2026 that Goldman Sachs kept a SELL rating on the stock with a target price of INR 1,420. For investors, that gap to the last close is the key tension point.
Sell call meets a firmer tape
The live market snapshot from The Economic Times liveblog showed a last traded price of INR 1,638.0, volume of 2,412,137 shares and a price-to-earnings ratio of 31.26 as of 06:31:12 PM IST on September 1, 2026. The same source put earnings per share at 52.4, which helps explain why the stock still trades close to its recent range.
The last trading day ended at INR 1,640.90, while the liveblog also showed an intraday move of 0.85 percent at one point and a 3-month return of 5.98 percent. That combination signals a stock that is still being priced on sentiment and earnings power at the same time.
Revenue and margin backdrop
On the fundamental side, The Economic Times company data showed total income of INR 15,605.50 crore in June 2026, up from INR 14,871.40 crore in March 2026 and INR 14,034.90 crore in September 2025. The June 2026 figure gives the stock a fresh operating backdrop, not just a market headline.
Against that, the same data set shows a large-cap IT software business with a market cap of INR 160,729.51 crore and a stock price of INR 1,640.00. The quantified comparison is clear: total income rose 4.9 percent quarter on quarter from March 2026 to June 2026, while the share price stayed near INR 1,640.
Tech Mahindra results and valuation context
The latest market and operating numbers show how valuation, earnings and the new broker call line up around the stock.
Services business still matters
Tech Mahindra's core services franchise remains the main lens for investors because the company is still tracked through income, profitability and order flow rather than a single product story. The June 2026 revenue figure of INR 15,605.50 crore is the most useful current operating anchor in the source set.
Price near the close
The stock ended at INR 1,640.90 on September 1, 2026, after trading with a live last price of INR 1,638.0 and volume of 2,412,137 shares. The market cap stood at INR 160,533.49 crore in the same live snapshot.
Tech Mahindra stock facts
- Company: Tech Mahindra Ltd.
- ISIN: INE669C01036
- Ticker: TECHM
- Trading venue: NSE and BSE
- Price (as of September 1, 2026, 06:31 PM IST): INR 1,638.0
- Market capitalization: INR 160,533.49 crore (as of September 1, 2026)
- Sector / Industry: Information Technology / IT Software
- Index membership: Nifty 50 and Sensex
