5G traction likely to add to Tech Mahindra's order book, growth

Valuations at a 30% discount to peers are also at attractive levels

Tech Mahindra is best placed among Indian IT companies to gain from the rising adoption of 5G standard by consumers and companies. Ericsson in its 20th edition Mobility Report projected that global 5G mobile subscriptions will exceed 580 million by the end of 2021. Led by increased roll-outs in China, US and South Korea, subscribers are expected to rise by over eight times from 70 million subscribers at the end of the first quarter of this year.

Analysts at Prabhudas Lilladher believe that Tech Mahindra is well-positioned to capture a fair share of 5G network services spends.  While Infosys and