CMP : 495
Target Price : 700
For 1QFY2017, Tech Mahindra’s revenue came in at US$1,032mn V/s
US$1,027mn expected and V/s US$1,023mn in 4QFY2016, a QOQ growth of
0.9%, driven by USA (which was 49.0% of sales V/s 46.8% in 4QFY2016), while
ROW, constituting ~22.8% of sales V/s 24.7% in 4QFY2016 was a drag. On the
operating front, the EBIT margin came in at 12.0% V/s 12...