Expect muted Q1 from Tech Mahindra: Urmil Shah, IDBI Cap
  • WebDesk BTVI
  • Jul 30 2019

Urmil Shah, Research Analyst at IDBI Capital, says the firm is expecting a weak quarter from Tech Mahindra in the backdrop of auto slowdown. He says the firm is expecting a 235 bps QoQ decline from Tech Mahindra. Shah says the market should watch out for Tech Mahindra’s communication vertical which had done good in the second half of FY19, and adds that if it maintains the trend then the company will post a good Q2.