Both Morgan Stanley’s Michael J Wilson and Goldman’s David J Kostin expect corporate profit margins to contract next year given unrelenting cost pressures, they wrote in separate notes. According to Wilson, “the best part of the rally is over.”
Tech Mahindra shares zoom 10% as strong FY27 vision overshadows weak Q4 numbers
Tech Mahindra’s shares surge despite profit drop, backed by new CEO’s growth strategy. Analysts cautious yet optimistic about the company’s future performance and turnaround plan.
April 26, 2024