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Dejected IT investors can pick and choose potential positives in management commentary and latch on to a sliver of hope. Like Tech Mahindra's stock that jumped nearly 8% on Friday after the Street got enthused by its turnaround strategy.
Tech Mahindra rallied 10 per cent in Friday's trade despite the IT major's weak set of March quarter results; Should you buy?
As Tech Mahindra charts a course towards ambitious financial targets by FY27, investors and analysts keep a wary eye on prevailing market challenges
Tech Mahindra CEO and MD, Joshi, said that the turnaround will be happening in phases based on the fiscal year
By FY27, Tech Mahindra has set a goal to expand EBIT margin to 15 percent and have higher topline growth as compared to peer average of top six-seven IT services players.