Tech Mahindra shares fell 1.8 per cent on Wednesday, sliding to a day’s low of Rs 1,440.90 from the previous close of Rs 1,468.15. The stock saw a dip after the IT services major announced its financial results for the second quarter of fiscal year 2026 (Q2FY26).

Brokerage firms JM Financial and Choice Institutional Equities see long-term potential, with target prices suggesting an upside of up to 20 per cent. Advertisement

For the quarter ending September 2025, Tech Mahindra reported a consolidated revenue of Rs 139.9 billion, a 4.8 per cent increase quarter-over-quarter (QoQ). In constant currency terms, the revenue grew 1.6 per cent QoQ, which JM Financial noted was its "highest sequential growth in past three years". This growth was primarily driven by the retail and logistics (+9 p

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