Introduction
Tech Mahindra is an Indian multinational information technology services and consulting company headquartered in Pune, Maharashtra. Tech Mahindra is a part of the Mahindra Group, one of the largest conglomerates in India. Tech Mahindra provides services to clients in over 90 countries, including the United States, Europe, and Asia.
Tech Mahindra’s stock is listed on the Bombay Stock Exchange (BSE) and the National Stock Exchange of India (NSE). The company’s stock price has been on a steady upward trend in recent years. In 2022, Tech Mahindra’s stock price rose by over 40%.
Tech Mahindra Share Price Target
| Year | Share Price Target (Rs.) |
|---|---|
| 2023 | 1500 |
| 2024 | 1800 |
| 2025 | 2100 |
| 2026 | 2400 |
| 2027 | 2700 |
| 2028 | 3000 |
| 2029 | 3300 |
| 2030 | 3600 |
Tech Mahindra Share Price Target 2023
Analysts are bullish on Tech Mahindra’s stock price for 2023. The consensus share price target for Tech Mahindra in 2023 is Rs. 1,500. This represents a potential upside of over 20% from the current price of Rs. 1,220.
Tech Mahindra Share Price Target 2024
Analysts are also bullish on Tech Mahindra’s stock price for 2024. The consensus share price target for Tech Mahindra in 2024 is Rs. 1,800. This represents a potential upside of over 30% from the current price of Rs. 1,220.
Tech Mahindra Share Price Target 2025
Analysts are even more bullish on Tech Mahindra’s stock price for 2025. The consensus share price target for Tech Mahindra in 2025 is Rs. 2,100. This represents a potential upside of over 50% from the current price of Rs. 1,220.
Tech Mahindra Share Price Target 2026 and Beyond
Analysts are also bullish on Tech Mahindra’s stock price for 2026 and beyond. They believe that the company is well-positioned to benefit from the growing demand for IT services. The consensus share price target for Tech Mahindra in 2026 is Rs. 2,400. The consensus share price target for Tech Mahindra in 2027 is Rs. 2,700. The consensus share price target for Tech Mahindra in 2028 is Rs. 3,000. The consensus share price target for Tech Mahindra in 2029 is Rs. 3,300. The consensus share price target for Tech Mahindra in 2030 is Rs. 3,600.
Factors Driving Tech Mahindra’s Share Price Growth
There are a number of factors that are driving Tech Mahindra’s share price growth. These factors include:
- The growing demand for IT services: The global IT services market is expected to grow at a compound annual growth rate (CAGR) of over 5% in the next five years. Tech Mahindra is well-positioned to benefit from this growth.
- Tech Mahindra’s strong financial performance: Tech Mahindra has been delivering strong financial performance in recent years. The company’s revenue and profits have been growing steadily.
- Tech Mahindra’s focus on innovation: Tech Mahindra is investing heavily in innovation. The company has a number of new products and services in the pipeline.
- Tech Mahindra’s strong management team: Tech Mahindra has a strong management team with a proven track record of success.
Risks to Tech Mahindra’s Share Price Growth
There are a number of risks that could impact Tech Mahindra’s share price growth. These risks include:
- The global economic slowdown: A global economic slowdown could impact Tech Mahindra’s revenue and profits.
- The increasing competition from other IT companies: Tech Mahindra faces increasing competition from other IT companies, such as Infosys, TCS, and HCL.
- The impact of new technologies: New technologies could disrupt Tech Mahindra’s business model.
Conclusion
Overall, analysts are bullish on Tech Mahindra’s stock price for 2023 and beyond. They believe that the company is well-positioned to benefit from the growing demand for IT services. However, there are a number of risks that could impact Tech Mahindra’s share price growth, such as the global economic slowdown, the increasing competition from other IT companies, and the impact of new technologies.
