ICICI Direct claims – this stock can give 17% return in 1 year, would you bet
Multibagger Stock: Brokerage firm ICICI Direct has forecast a potential gain of 17% in the shares of Tech Mahindra within the target period of 12 months. The brokerage firm has recommended to buy this stock. The current market price (CMP) of Tech Mahindra is Rs 1585. The brokerage firm has fixed a target price of Rs 1860 for the stock. Thus the stock is expected to give 17% returns in the targeted period of the year.
What about a brokerage firm?
According to ICICI Direct, “Tech Mahindra share price has risen ~4.2x in the last 5 years. We remain positive on the stock and maintain a ‘Buy’ rating.”
Tech Mahindra has over 1.2 lakh employees in 90 countries, serving 1000+ customers with high exposure to telecommunications, generating 40% of their revenue. Apart from Telecom, Tech Mahindra also provides services to BFSI, Manufacturing and Retail. The company’s dollar revenue has grown at a CAGR of 5.6% in the last 5 years.
Disclaimer: (The information provided here is for informational purposes only. It is important to mention here that investing in the market is subject to market risks. Always consult an expert before investing money as an investor. Anyone from ABPLive.com Also investing money is never advised here.)
Read also:
Multibagger Stock Tips: This multibagger stock gave 100% return in 2021, brokerage firm gave advice to buy
Multibagger Stock Tips: This multibagger stock gave 100% return in 2021, brokerage firm gave advice to buy
Share Market News: The stock market closed with a fall due to profit-booking, Sensex fell by 400 points and Nifty fell by 110 points
,
