Tech Mahindra stock: Motilal Oswal targets Tech Mahindra stock at INR 1,950

Published on 10/16/2026 at 17:59 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Revenue rose 15.6 percent year over year in the second quarter. Tech Mahindra stock costs INR 1,790 on October 16, 2026, up 8.5 percent on NSE.

Analyst view and trading date

Motilal Oswal assigned an INR 1,950 target to Tech Mahindra on October 15, 2026.
Second-quarter revenue rose 15.6 percent year over year on October 15, 2026.
Tech Mahindra stock cost INR 1,790 at 3:28 p.m. IST on October 16, 2026, up 8.48 percent versus the prior close of INR 1,650.
The interim dividend record date is October 23, 2026.

Tech Mahindra, INE669C01036, Illustration mit AI erstellt.

Motilal Oswal assigned Tech Mahindra an INR 1,950 target in a report dated October 15, 2026, placing the target 8.94 percent above the NSE price of INR 1,790. The brokerage report, published by Moneycontrol, retained a Buy rating and valued the company at 20 times estimated fiscal year 2028 earnings per share.

Tech Mahindra's second-quarter revenue reached INR 161.8 billion for the quarter ended September 30, 2026, up 15.6 percent from the year-ago period. The company's official release dated October 15, 2026, also put EBIT at INR 23.87 billion, up 40.5 percent year over year, while the EBIT margin reached 14.8 percent. Tech Mahindra said new deal wins totaled USD 1.023 billion, 25.4 percent above the year-ago quarter.

Price position and trading range

Tech Mahindra was last at INR 1,790 on the NSE on October 16, 2026 at 3:28 p.m. IST, up 8.48 percent versus the prior close of INR 1,650. The one-year range runs from INR 1,304.10 to INR 1,854, leaving the stock 3.45 percent below its high. Trading volume reached 20,827,864 shares against an average of 2,578,938 shares.

On October 15, Tech Mahindra had released its second-quarter results, including the interim dividend and proposed bonus issue. The market response on October 16 was reflected in the NSE quotation and the higher volume.

Valuation and the next date

The NSE market capitalization was INR 1.6 trillion as of October 16, 2026, and the trailing P/E ratio was 28.77. The trailing dividend yield was 0.03 percent. The next dated item is the interim dividend record date on October 23, 2026, with payment scheduled by November 13, 2026, according to Moneycontrol.

Comparison with peers

Tech Mahindra: up 8.48 percent, P/E 28.77, market capitalization INR 1.6 trillion

Infosys (NSE, INR): up 4.61 percent, P/E 15.69, market capitalization INR 4.7 trillion

Tata Consultancy Services (NSE, INR): up 4.89 percent, P/E 17.28, market capitalization INR 8.9 trillion

What the valuation shows

Tech Mahindra's valuation multiple stood above those of Infosys and Tata Consultancy Services while its one-year position remained 3.45 percent below the high. The combination of a higher multiple, stronger daily move and elevated volume gives the price report its clearest investor signal.