Tech Mahindra Stock Edges Up Despite Goldman Sachs Sell Call

Tech Mahindra's stock price rose by 0.48% on September 1, 2026, closing at INR 1,640.00. The company's market capitalization stood at INR 160,533.49 crore.

This growth comes despite Goldman Sachs' decision to maintain a sell rating on the stock with a target price of INR 1,420. This means that investors are closely watching how the stock will perform in relation to its last close.

The Economic Times liveblog showed a last traded price of INR 1,638.0, with a volume of 2,412,137 shares and a price-to-earnings ratio of 31.26 as of 06:31:12 PM IST on September 1, 2026.

Tech Mahindra's revenue and margin backdrop show a positive trend, with total income rising by 4.9% quarter-on-quarter from March 2026 to June 2026. The company's core services franchise remains the main lens for investors, as it is still tracked through income, profitability, and order flow rather than a single product story.