In the past one week, the stock of information technology (IT) consulting & software company has rallied 12 per cent, when compared with a 2.8 per cent rise in the S&P BSE Sensex.

According to a report on Monday Tech Mahindra shares hit a new high of Rs 1,789.05, up 4 per cent on the BSE, on expectation of strong December 2021 quarter earnings. In the past one week, the stock of information technology (IT) consulting & software company has rallied 12 per cent, when compared with a 2.8 per cent rise in the S&P BSE Sensex. Thus far in the calendar year 2021 (CY21), Tech Mahindra has zoomed 84 per cent, as against a 20 per cent gain in the benchmark index.

As per as report earlier this month, strong results for the quarter ended November (Q1FY22) and upgraded its annual guidance by a massive 700bp as it continues to gain from demand for Cloud transformation. Its commentary on broad based demand (by region/verticals/deal size) and record high bookings (USD16.8b) should be seen as an indication of the stickiness in the demand environment for IT Services. The upgrade in Accenture’s FY22 guidance and strong headcount addition provides visibility of the growth momentum in Indian IT Services. Meanwhile, Tech Mahindra remains confident of delivering double-digit organic revenue growth in FY22, given broad-based demand, strong deal wins, improving win rates and steady progress on client mining. 

Mahindra

Meanwhile, Tech Mahindra remains confident of delivering double-digit organic revenue growth in FY22, given broad-based demand, strong deal wins, improving win rates and steady progress on client mining. 

Half or 50 per cent of Tech Mahindra’s revenues come from telecom service providers, and the telecom ecosystem. Tech Mahindra has a comprehensive growth strategy in place to capitalize on 5G opportunities, encompassing CSPs (CX, Network, Digital OSS/BSS), Enterprises (Industry solutions, private networks, Edge intelligence) and Ecosystem (Network platforms, Device platforms) by leveraging products, platforms, people and partnerships.

This 5G is causing metamorphosis of the industry across the metaverse (co-evolution of physical and virtual world), sensors (25bn sensors devices expected by 2025) and open 5G. It is also expecting that 5G can create business opportunities worth $712 billion across industries by 2030, analyst at Emkay Global Financial Services said in a recent note on the company.

Share Market

It is also expecting that 5G can create business opportunities worth $712 billion across industries by 2030, analyst at Emkay Global Financial Services said in a recent note on the company.