Tech Mahindra shares fall 2% on missing Q1 estimates. Should you buy, sell or hold?

Tech Mahindra Q1 profit up 34% YoY to Rs 1,141 crore, but misses Street estimates of Rs 1,211 crore.

Brokerages divided: Some cite margin gains and strong deal wins; others highlight weak revenue, macro headwinds, and valuation concerns.

Motilal Oswal, Nomura bullish with target prices of Rs 2,000 and Rs 1,810, seeing margin turnaround and deal momentum.

Emkay, Nuvama, Jefferies, Morgan Stanley cautious, flagging stretched valuations, low growth, and tough path to 15% EBIT margin target.