 "Tech Mahindra stock has risen 23 per cent during the December quarter")
Tech Mahindra Q3 preview: IT firm slated to post its Q3FY21 results on Friday, January 29, is expected to post a muted growth in its December quarter profit and revenue on a sequential basis, believe analysts. The growth would be on the back of traction in the communication and enterprise segment. However, on a yearly basis, both the figures are expected to decline.
The stock has risen 23 per cent during the December quarter as against a 24.30 per cent rise in the NSE flagship index Nifty50 during the same period. Meanwhile, the Nifty IT index has jumped 21.55 per cent for the three months ended December.
Here are what leading brokerages are expecting from Tech Mahindra's Q3 results:
