Tech Mahindra board to consider a bonus issue along with Q2 results on August 16

Thu 1 Oct 2026

Nifty IT index YTD fall

13.5 to 14 percent

Tech Mahindra YTD fall

4 percent

Q2 growth expectation

1.5 percent

Heard on Live TV News Channel between 08:23:08 - 08:26:08 IST.

• Board announced it will consider a bonus issue alongside August 16 results, first since the 1:1 bonus in March 2015
• Nifty IT index down 13.5-14% YTD, while Tech Mahindra fallen only 4%, relatively outperforming
• Q2 growth expectations of about 1.5%, driven by ramp-up of a large Orange telecom deal won in Q4 last year
• Margins expected stable as cost savings from the project offset wage hike impact
• Brokerages split: UBS, Kotak, Investec have buy calls; Citi negative with sell call; Jefferies has underperform rating

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