“Believes Tech Mahindra's FY27 growth visibility has improved, with margins on track. The Q1 performance represents a material step-up in its growth trajectory, with expectations moving from 3-5% to 6-7% over the next couple of years. Sustained momentum could lead to another round of re-rating for the stock.”

Motilal Oswal Analysis’s track record: 6 graded calls · 95% CI 19–81%