Tech Mahindra shares rally over 3% % as CLSA upgrades stock to outperform

Global brokerage firm CLSA has upgraded the stock to an 'outperform' rating from a previous 'hold', setting a target price of ₹1,749 per share.

This target price suggests an upside potential of 11% based on the stock's closing price on Monday. Following a recent price correction, CLSA noted that there are early signs of improvement in EBIT margins.