TECHM

Tech Mahindra is currently trading under pressure due to weakness in the global IT sector and cautious technology spending trends. However, improving margins, strong AI-led deal wins, and digital transformation demand are supporting the company’s medium- to long-term outlook. Fundamental Analysis Q4 FY26 consolidated profit increased around 16% YoY to nearly ₹1,354 crore. Revenue growth remained stable with increasing focus on AI and enterprise transformation services. The company announced a strong dividend payout, reflecting healthy cash flows and shareholder-friendly management. Positive Triggers Strong large-deal wins across BFSI and telecom segments Improving operating margins Growing focus on AI, cloud, and digital transformation Management optimistic about better growth momentum in FY27 Key Risks Weak global IT spending environment Slowdown concerns in US and European markets Competition from larger IT players Continued volatility in technology stocks Technical Analysis Important Levels Support Zone: ₹1320 – ₹1360 Major Support: ₹1280 Resistance: ₹1450 Strong Resistance: ₹1520 – ₹1550 A sustained move above ₹1550 may trigger fresh bullish momentum, while a breakdown below ₹1320 could increase selling pressure.