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Tech Mahindra Q2 Results Review - Revenue Inline, OPM Beat; Focus On Prioritising Margins: Dolat Capital

In view of the tall ask amid uncertain macro, the brokerage believes that risk to estimates are high and thus current rich valuations of 24 times appear expensive, maintains ‘Sell’ rating.

<div class="paragraphs"><p>The Tech Mahindra campus in Pune. (Source: Vijay Sartape/NDTV Profit)</p></div>
The Tech Mahindra campus in Pune. (Source: Vijay Sartape/NDTV Profit)
NDTV Profit’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer NDTV Profit’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
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