IT Q2 Preview: Weak Growth, Attractive Valuations; Tech Mahindra, LTIMindtree Among Anand Rathi's Top Picks
Tech Mahindra moved higher in a quarterly results development.
6 Oct 2026 · NDTV Profit
TCS expects a front-loaded quarter with strong July/August commentary, and September expected to be affected by rate hikes and Middle East weakness, particularly in manufacturing and retail, adds the brokerage.
The analysis
Against that, the stock is -0.6% on the day at ₹1,494.90, and has returned +3.2% over three months. It sits 16% below its 52-week high. The it sector has moved -3.2% over the same period, so Tech Mahindra is running 6.4 points ahead of its peers.
For Tech Mahindra, the question is how much of this is already reflected in the price and how much re-rates the it peer set alongside it.
Why it matters
- Earnings versus expectations is what actually re-rates a stock; the surprise matters more than the absolute number.
Market context
- The company directly in focus is TECHM.
- Sector exposure: IT.
- The immediate tone of coverage reads negative.
In this story
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