Market Update

Tata Power Share , Tech Mahindra Share latest news, chart analysis, price target

Tech Mahindra share today :

tech mahindra share

weekly chart showing 1500 and 1450 ismaor strong support zone and 1650 is strong resistance in tech mahindra share. Tech Mahindra  strong above price of 1650.

Tech Mahindra surged over 6% to ₹1,622 apiece on the BSE in Tuesday's opening deals after the IT company reported a 26% year-on-year (YoY) increase in its September quarter net at ₹1,338.7 crore and expects to maintain the trajectory. As per brokerages, Tech Mahindra’s Q2FY22 operating performance was better than expectations. 

Meanwhile, another brokerage firm Motilal Oswal has a Neutral Stance on TechM as the brokerage expects a gradual improvement in EBIT margin, given the levers around productivity and cost optimization. Though, elevated operating metrics and supply-side pressures remain a risk to its margin estimates.

Tata Power Share : Tata Power shares rise 6.74 per cent in Tuesday's trading session. Tata Power Chart Analysis below

tata power share target

Tata power share showing acceding triangle pattern in daily chart. Tata power Strong above 240-250 as per closing and 210 to 200 is strong support zone on tata power share. 


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