Tech Mahindra Q2 Profit Rises 32.74%; Bonus Issue Announced

Tech Mahindra reported 32.74% YoY Q2 FY27 profit growth and announced a bonus issue and Rs 15 interim dividend. Rs 1,687 remains key resistance. Tech Mahindra Limited [

] reported its Q2 FY27 results on 15 October 2026, with consolidated net profit rising 32.74% year-on-year (YoY) to Rs 1,585.6 crore. Revenue increased 15.6% to Rs 16,180.2 crore, reflecting growth in the company's business. The board announced an interim dividend of Rs 15 per share, with 23 October 2026 as the record date. It also announced a bonus issue, the first since 2015. New deal wins reached $1,023 million in total contract value (TCV), up 25.4%. Ahead of the results, the stock gained 4.93%, 2% and 4.75% over three consecutive sessions, closing at Rs 1,650 on 15 October. Some positive expectations may already have been reflected in the price. On the daily chart, the stock remains largely sideways over the longer term, while the relative strength index (RSI) near 65 indicates improving momentum. My View: Rs 1,687 is the key resistance. A sustained close above this level could strengthen the bullish outlook, while support at Rs 1,442.50 remains important. A close below support may weaken the technical setup. The market's reaction to the results and these key levels will be important in determining the next move. Disclosure & Disclaimer: I and my family members do not hold any position in the stock discussed. This content is provided solely for informational and educational purposes and should not be construed as investment advice or a recommendation to buy or sell any security. Investments in the securities market are subject to market risks. Please read all related documents carefully before investing.