Tech Mahindra Share Price: Sumeet Bagadia, co-founder and executive director, Choice Broking, has recommended Tech Mahindra as his Valentine Day pick. In a research report, the market expert said that Tech Mahindra is currently trading around Rs 1,640 and continues to display strength within a well-defined long-term uptrend.
Tech Mahindra a largecap IT services company and a part of the Mahindra Group.
On the weekly chart, the stock is forming a consistent higher high and higher low structure, reflecting sustained buying interest and positive trend alignment. It is trading comfortably above its key 20, 50, 100, and 200-week EMAs, highlighting strong underlying momentum and confirming the broader bullish setup.
After witnessing a sharp upside rally in recent weeks, the stock is now undergoing a healthy retracement, which appears constructive rather than reversal-driven. Such pullbacks within an established uptrend often provide fresh entry opportunities.
On the downside, immediate support is placed near Rs 1,610, where accumulation interest has been visible.
Momentum indicators remain supportive, with the weekly RSI at 56.45, sustaining above mid-levels and indicating continued strength.
Tech Mahindra Share Price Target
Based on the technical structure, Bagadia said that a buy strategy can be considered at Rs 1,640, with additions on dips towards Rs 1,610. A breach below Rs 1,525 would act as a key warning level temporarily challenging the positive setup and warranting a cautious approach.
Tech Mahindra shares on Friday (Feb 13) closed marginally lower at Rs 1,534 on NSE.
Tech Mahindra Q3 Results
In the Q3FY2026, Tech Mahindra reported a 14.11 per cent jump in profit to Rs 1,122 crore. The IT major had reported a net profit of Rs 983.2 crore in the year-ago period, and Rs 1,194 crore in the preceding September quarter.
Its revenue from operations rose to Rs 14,393 crore during the October-December period, up from Rs 13,286 crore in the year-ago period and Rs 13,994 crore in the three months ended September 2025.
The operating profit margin for the quarter widened to 13.1 per cent, up 2.9 per cent, the company said.
New deal wins jumped 47 per cent to USD 1.096 billion, the company said, adding that the number is over 34 per cent higher than the September quarter.
