Tech Mahindra Share Price Rises After CLSA Rating Upgrade, Target Price Hike
Tech Mahindra Ltd.'s share price rose over 4% on Tuesday after CLSA upgraded its rating to 'outperform' from 'hold', noting initial signs of execution on operating profit margin expansion. The brokerage also hiked the target price to Rs 1,749 per share from Rs 1,625.78 apiece, implying a 9.8% upside from Monday's closing price.