Company Analysis: Tech Mahindra

Tech Mahindra is one of the Large Cap IT companies in India which has good potential for growth, and compete with already established IT giants in India.

Tech Mahindra pricing seems attractive at Rs: 787 as on 14th March 2019, suiting my investment criteria. Below are the parameters that suggested that it was time to enter the company.

Tech-Mahindra Fundamentals

RatioValue
Market Price as on 14th Mar 2019787
52 Week High/Low603.10/840.10
Price to Earning17.68
Price to Book3.73
PEG Ratio0.81
Debt to Equity0.13
Change in promoter holding in last one year-0.02%

Summary: Market price is not around its 52 week High. Debt is very low. PE is lower than its peers in the same segment. PEG is less than 1. Promoter holding has not changed much in last one year.

My Investment Approach: My investment approach regarding this stock is to accumulate over next few months, if the price stays range bound.