Tech Mahindra up 7% after Q2 results, dividend, bonus shares announced- Buy, sell or hold? Check target prices, ratings

What happened: Tech Mahindra shares rose 7% on Friday, October 16, after Q2FY27 results, an interim dividend and a 1:1 bonus issue. The stock hit a day high of ₹1,763.95 on BSE. Key numbers: Net profit rose 32.7% YoY to ₹1,585.6 crore. Revenue rose 15.6% YoY to ₹16,180.2 crore. EBITDA rose 32.8% to ₹2,878.5 crore. Interim dividend: ₹15 per share. Constant-currency revenue growth: 7.2% YoY. Why it matters: Brokerages were mixed. Kotak raised its target to ₹1,870, Jefferies upgraded to Hold with a ₹1,540 target, Choice Broking set ₹1,775, while Nirmal Bang kept Sell at ₹1,222. Coverage: 3 outlets in 24h

Tech Mahindra shares rose 7% on Friday, October 16, after Q2FY27 results, an interim dividend and a 1:1 bonus issue. The stock hit a day high of ₹1,763.95 on BSE.

Brokerages were mixed. Kotak raised its target to ₹1,870, Jefferies upgraded to Hold with a ₹1,540 target, Choice Broking set ₹1,775, while Nirmal Bang kept Sell at ₹1,222.