Tech Mahindra Q1 preview: PAT may dip 30% YoY; opportunities in 5G eyed

Analysts at IDBI Capital forecast CC revenue decline of nearly 8.8 per cent QoQ

Tech Mahindra, the Pune-headquartered information technology (IT) services company, is slated to announce its financial results for the first quarter of the fiscal year 2020-21 (Q1FY21) on Monday, July 27.

So far, most IT companies have posted better-than-expected results for the April-June period, resulting in a huge upside in their stock prices. According to a recent report by Business Standard, the combined weight of IT companies in the benchmark Nifty50 index is now at a five-year high of 15 per cent as these companies continue to outperform the broader market. READ MORE

At the bourses, shares of Tech Mahindra slipped