Tech Mahindra maintains edge over Wipro in September quarter
Tech Mahindra left its position unchanged.
· LiveMint Companies
While Wipro reported its slowest second-quarter growth in three years, Tech Mahindra reported its fastest second-quarter growth in the same period.
The analysis
Against that, the stock is +4.8% on the day at ₹1,650.00, and has returned +10.1% over three months. It sits 7% below its 52-week high. The it sector has moved +2.9% over the same period, so Tech Mahindra is running 7.2 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.
Market context
- The company directly in focus is TECHM.
- Sector exposure: IT.
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