Shares of Tech Mahindra surged 4.2% to Rs 1,642.20 on the BSE after CLSA upgraded the stock to ‘outperform’ from ‘hold’ with a target price of Rs 1,749. The upgrade follows recent price correction and early signs of EBIT margin improvement, despite lackluster order bookings.
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We should also keep an eye on the commodity space, particularly minerals and metals that India imports. Price fluctuations in these areas could affect our