Tech Mahindra shares are up nearly 5% on Q2 results beating estimates
\n\nHDFC Life shares are down nearly 3% as Q2 results come in below estimates.
\n\nPersistent Systems shares are down 4% post Q2 results.
\n\nBuy, Target Price Rs 1800 2Q results slightly better than expectations as TechM stays on track with best growth rate amongst top-tier peer group (top 8) With EBIT margin target of 15% achieved, think TechM is likely to prioritise and sustain growth of 6-8% TechM offers strong growth pick-up at reasonable valuation;
\n\nHigh-Conviction Outperform, Target Price At `6,488/Sh Rev Beat Consensus By 2%, While EBIT & Adjusted PAT Missed By 2% And 12% Higher Interest Expense And FX Losses Drove The Earnings Miss FY27-29E EPS Estimates Cut 69% Forecasts 16% Revenue, 19% EBIT & 22% EPS CAGR Over FY27-29 Nagarro Acqn Not Included In Ests, Post-integration Revenue Could Reach $5 Bn By FY31 Potential For Mkt Cap To Double In 4 Yrs, Assuming 3x EV/Sales & Debt Repayment Via Internal Accruals
\n\nHold Call, Target Price At Rs 1,480/Sh Revenue Grew 20% YoY, In-Line With Ests, 2-year Revenue CAGR Stood At 15% EBITDA Was Around 3% Above Consensus Nutrition Showed Sequential Improvement, While Chocolates & Coffee…
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