Monday, November 23, 2020

TECHM | Swing Trade | Stock to Buy | Price Outlook

 

TECH MAHINDRA

Stock/Share Price: 865


➽ In this article we will discuss recent development in the StockShare of TECHM in the Stock Market
Tech Mahindra is a leading provider of consulting-led integrated portfolio services to customers which are Telecom Equipment Manufacturers, Telecom Service Providers and IT Infrastructure Service Providers, Business Process Outsourcing Service Providers as well as Enterprise Solutions Services (BFSI, Retail & Logistics, Manufacturing, Energy and Utility (E&U), and Healthcare, Life Sciences, etc.) of Information Technology (IT) and IT-enabled services delivered through a network of multiple locations around the globe.

Recent Key Strengths

Company with Low Debt

Increasing profits every quarter for the past 2 quarters

Company able to generate Net Cash - Improving Net Cash Flow for last 2 years

Book Value per share Improving for last 2 years

Company with Zero Promoter Pledge

High dividends, with rising dividend yields over last five years

Near 52 Week High

Strong Momentum: Price above short, medium and long term moving averages

MACD crossed above signal line previous end of day

MFs increased their shareholding last quarter



Recent Weaknesses

Broker downgrades in price or recommendation in the past one month

Decline in Quarterly Net Profit with falling Profit Margin (YoY)

Promoter decreasing their shareholding



Technical Chart



TECHM is in clear uptrend making higher high and higher .After  the recent correction and consolidation stock break important neckline in todays trade in upside direction with good volume. 

So long position in the stock can be initiated for the potential upside level of 924 , 948 in short term . In long term buy and hold.

Recent Valuation Summary

Still not expensive trading below industrial PE . Delivering 1.73% dividend yield on yoy. 


Recent Financial Summary


Net profit increasing for the 3 previous quarters.


Thanks for your Precious Time.


Finvest Online
Telegram  :  t.me/finvestonline






Disclaime
r- The information on this blog are based on my personal opinion and experience, it should not be considered professional financial investment advice and in no way it should be considered as a tip. We does not take any compensation of any kind whatsoever from any reader,user and company that are mention on this website.We are not SEBI registered financial advisor or analyst.


No comments:

Post a Comment