Tech Mahindra Shares Surge on Strong Q3 Results, Analyst Projects ₹2,100 Target

• Tech Mahindra shares gained nearly 4% after reporting better-than-expected Q3 revenue growth of 1.7% in constant currency.
• EBIT margin improved to 13.1% from 12.1% sequentially, marking the ninth consecutive quarter of margin expansion.
• Management aims for 15% margins by FY27 and achieved the highest deal wins in five years on a last-twelve-month basis.
• JPMorgan upgraded Tech Mahindra to 'Overweight' and raised its price target to ₹2,100 per share.
• The brokerage expects strong exit growth and mega deal ramp-ups to drive 6% growth by FY27E, supporting margin targets.

Why It Matters: Tech Mahindra's strong Q3 performance and positive analyst outlook signal robust growth and margin expansion ahead.