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TechM trades higher for 10th straight day; should you buy, hold or sell?
TechM trades higher for 10th straight day; should you buy, hold or sell?

Business Standard

time4 days ago

  • Business
  • Business Standard

TechM trades higher for 10th straight day; should you buy, hold or sell?

Share price of Tech Mahindra today Shares of Tech Mahindra hit an over four-month high of ₹1,724.25, gaining 2 per cent on the BSE in Tuesday's intra-day trade in an otherwise weak market. In comparison, the BSE Sensex was down 0.34 per cent at 81,517 at 01:59 PM. The stock of the large cap information technology (IT) company was quoting higher for the 10th straight trading day, surging 12 per cent during the period. It has bounced back 43 per cent from its 52-week low of ₹1,209.70 hit on April 7, 2025. Currently, Tech Mahindra trades at its highest level since January 27, 2025. The stock is seen inching towards its 52-week high of ₹1,807.40, touched on December 12, 2024. Catch Stock Market Updates Today LIVE Tech Mahindra EBIT margin guidance Tech Mahindra is focusing on various key levers such as fixed price project optimisation via automation and productivity improvements, optimised employee pyramid, average resource costs and many others, to improve its earnings before interest and tax (EBIT) margins to 15 per cent by FY27 from its current levels of 10.5 per cent. Tech Mahindra has also launched new growth initiatives including: Tech Mahindra Consulting (dedicated consulting arm) & Comprehensive AI Suite (positioning as a Strategic AI Partner to clients, with focus areas including LLM & Agentic AI) on the back of which it treads towards its FY27 goal. Brokerages view on Tech Mahindra Management remains committed to improve margins moving forward through operational efficiencies (Project Fortius), automation, AI, and other initiatives, with the goal of achieving their 15 per cent target margins by FY27. However, considering the current pressures from an uncertain macro environment, analysts at ICICI Securities bake in EBIT margins of 12.5 per cent/ 14 per cent in FY26E/ FY27E. Despite the current macro pressures, the brokerage firm believes with the current investments and efforts towards capability building, Tech Mahindra is on track to achieve its FY27 goals. Analysts maintain BUY rating on Tech Mahindra, valuing it at 24x P/E on FY27E EPS, with target price of ₹1,730 (vs ₹2,000 earlier). According to Geojit Financial Services, under the new leadership, Tech Mahindra is undergoing a transformation, diversifying its client base and expanding beyond its traditional strongholds in telecom and hi-tech. With a solid foundation in place and an uptick in deal wins, including a large deal with a US-based Telco firm, it is well-positioned to capitalize on the emerging opportunities in 5G, supported by its timely investments in network infrastructure, intellectual properties, and ecosystem partnerships. Its turnaround strategy appears resilient to economic fluctuations. With potential upside from a telecom rebound, operational efficiencies and cost optimisation from automation and Project Fortius, the brokerage firm expect improved margin gains going forward. 'Therefore, we upgrade our rating to BUY from HOLD on the stock, with a revised target price of ₹1,790 based on 25x FY27E adjusted EPS,' the brokerage firm said in the Q4FY25 result update. Tech Mahindra has been on a revival journey with a new CEO focusing on adding quality clients, focused on growth beyond traditional verticals of telecom and hi-tech as well as building synergy with the Mahindra & Mahindra (M&M) Group for further scaling up the business. It is relooking at cost structure to improve margin, early signs of the same are already visible, analysts at Elara Capital said. The brokerage firm said it is building in back-ended revenue growth for Tech Mahindra like other firms, as it is not immune to turbulence visible in FY26. For FY27, the company aspires to grow above peer average, and analysts believe ingredients are in place. However, the stock is trading above target price of ₹1,530 per share. About Tech Mahindra Tech Mahindra offers technology consulting and digital solutions to global enterprises across industries, enabling transformative scale at unparalleled speed. With 150,000+ professionals across 90+ countries helping 1100+ clients, Tech Mahindra provides a full spectrum of services including consulting, information technology, enterprise applications, business process services, engineering services, network services, customer experience & design, AI & analytics, and cloud & infrastructure services.

CDK Announces Partnership With WE Auto Group
CDK Announces Partnership With WE Auto Group

Business Wire

time5 days ago

  • Automotive
  • Business Wire

CDK Announces Partnership With WE Auto Group

AUSTIN, Texas--(BUSINESS WIRE)-- CDK, the leading automotive retail software provider, today announced a multi-year partnership with WE Auto Group, serving customers in Michigan and Tennessee. WE Auto will implement the CDK Dealership Xperience platform across all four of their dealerships, incorporating the Fixed Operations Suite and Intelligence Suite at certain locations. "CDK Dealership Xperience delivers a powerful unified workflow platform, comprehensive service and parts solutions, and advanced artificial intelligence capabilities for real-time data insights." - Michael Speigl, WE Auto dealer principal Share 'After using other software solutions in our dealerships, we realized that the CDK Dealership Xperience platform delivers precisely what we were searching for—a powerful unified workflow platform, comprehensive service and parts solutions, and advanced artificial intelligence capabilities for real-time data insights. These tools are exactly what we need to elevate our sales and service operations to the next level,' said Michael Speigl, dealer principal at WE Auto. Since the successful launch of the Dealership Xperience in fall 2023, more than 3,000 dealer sites have adopted the new category of software. For more information on the Dealership Xperience and the Suite solutions, please visit WE Auto offers new and pre-owned vehicles from Chrysler, Dodge, Ford, Jeep, Ram, Subaru and Toyota in Gallatin, Tenn. and Ann Arbor, Mich. About CDK Global, Inc. CDK Global is a leading provider of cloud-based software to dealerships and Original Equipment Manufacturers ('OEMs') across automotive and related industries. The Company's cloud-based, software as a service ('SaaS') platform enables dealerships to manage their end-to-end business operations including the acquisition, sale, financing, insuring, repair, and maintenance of vehicles. By automating and streamlining critical workflows, the integrated platform of modern solutions enables dealers to sell and service more vehicles by creating simple and convenient experiences for customers and improves their financial and operational performance.

Amalfi Coast Summer Escape To The Stunning Cliffside Casa Angelina
Amalfi Coast Summer Escape To The Stunning Cliffside Casa Angelina

Forbes

time12-06-2025

  • Forbes

Amalfi Coast Summer Escape To The Stunning Cliffside Casa Angelina

Dramatic Cliffside location offers stunning views of Positano and Capri Nestled into the dramatic cliffs of Praiano, a charming under-the-radar seaside village, Casa Angelina is one of the Amalfi Coast's most iconic hotels. The minimalist, all-white property is a tranquil retreat away from the crowds of neighboring Positano, yet it is only 10 minutes away. With extraordinary views that Positano hotels do not offer, including the island of Capri with its famous Faraglioni rocks, the property is a seductive charmer that makes you feel instantly at home. Upon arrival, you wind down the cliff on a narrow road surrounded by lemon and olive trees to an elegant entry where staff are lined up to greet you. Inside, you are immediately struck by the expanse of white walls acting like canvases inspired by local designer Marco de Luca, highlighting the owner's extensive art collection featuring Murano glass sculptures by Cuban artist Alfredo Sisabravo and oil paintings by Argentinian Patricia Valencia Carstens. The property is perched on a rocky cliff overlooking Positano and Capri Vermarine Suite is one of the premiere speciality suites available Relaxing Room features 26 square meters of indoor and 10 square meters of outdoor space Every public space faces the water, offering dramatic views, and with a rare secluded location, privacy and exclusivity are key. With only 37 rooms and suites, the staff far outnumbers the guests, and service is among the very best in Italy. The most in-demand specialty suite is the Vermarine Suite, designed by Paola Lenti. Located on the third floor, this expansive 452 sq. ft. suite features an open-plan layout with a sleeping area, living space, a walk-in closet, and a spacious bathroom with a freestanding tub. The large terrace is the ideal place for soaking up the dramatic sunsets. Breakfast dining with a view Poolside at Casa Angelina Guests take the sleek all-glass elevator to the hotel's rooftop restaurant, Un Piano Nel Cielo, which has earned a Michelin star. Under the direction of Executive Chef Leopoldo Elefante, the cuisine is dedicated to Campania's rich culinary traditions, using locally sourced ingredients and produce from the hotel's gardens. Signature dishes include herb-crusted lamb, John Dory, and Red Mullet, or you can try the 7-course tasting menu featuring scallops, risotto, Balfegò Tuna, and Marinated Pigeon. The sommelier will pair the meals perfectly from the curated wine cellar featuring over 3,000 bottles. Executive Chef Leopoldo Elefante and amazing team including the Queen of Casa Angelina - Annarita Aprea and General Manager, Domenico De Simone. Michelin starred Un Piano Nel Cielo restaurant at Casa Angelina Mornings are spent at the hotel's extensive breakfast buffet, served on the panoramic terrace, which offers freshly baked bread, homemade cakes, savory tarts, locally picked fruits, honey, jams, charcuterie, salmon, and salads. Hot made-to-order dishes include banana pancakes and omelets. For more casual daytime dining, the Seascape terrace, adjacent to the main pool, offers a more relaxed cuisine, including Caprese salads, burgers, and pasta. A separate pool menu offers specialty cocktails and bites served by a dedicated pool butler. Watercolor experience on the rooftop and sunbathing poolside are the best ways to spend your late afternoons The property features an intimate spa with Augustinus Bader products, as well as a state-of-the-art fitness center equipped with Technogym equipment and a lap pool. Guests have access to the well-equipped beach of La Gavitella, reached by descending a row of steps that open towards the sea. Activities include the newly offered Watercolor experience, where you can channel your inner talents and create a masterpiece on the rooftop with a local artist. The most popular excursion is a boat outing with Casa Angelina's private boats exclusive to hotel guests. Charter the newest Gozzo-style boat, Lady Angelina, to explore the grottos and hidden bays along the Amalfi Coast or get dropped off for lunch at my favorite Conca del Sogno for the ultimate party atmosphere over lunch. Private excursions along the coast and to Capri with the all-new Lady Angelina boat exclusive for Casa Angelina guests At Casa Angelina, the luxury is completely effortless, the views are inspirational, and every staff member knows your name. Whether you are looking for a quiet escape or a launching point for exploring the Amalfi Coast, this exceptional Italian retreat will have you returning again and again. amalfi coast

Sunwing Vacations and Princess Hotels & Resorts are packing paradise with perks this June Français
Sunwing Vacations and Princess Hotels & Resorts are packing paradise with perks this June Français

Cision Canada

time03-06-2025

  • Business
  • Cision Canada

Sunwing Vacations and Princess Hotels & Resorts are packing paradise with perks this June Français

Travellers can enjoy exclusive discounts, added values and more on applicable Mexico, Dominican Republic and Jamaica bookings, plus the chance to win a vacation TORONTO, June 2, 2025 /CNW/ - In collaboration with June's Partner of the Month, Sunwing Vacations is giving Canadians more reasons to book Princess Hotels & Resorts properties in Mexico, the Dominican Republic or Jamaica for their hard-earned getaways. Modern properties in sought-after locations featuring architectural designs that blend seamlessly with paradise's natural surroundings, pristine beachfronts and luxurious amenities, Princess is offering customers limited time incentives to help them experience summer in paradise, or get a jump start on booking their winter vacations, for less. During the month of June, on Mexico and Dominican Republic bookings made by June 30, 2025 for travel by December 22, 2025, travellers can enjoy the following perks at select Princess hotels, including: No single supplement fees at lead-in room categories at Platinum Yucatan Princess and Punta Cana Princess Exclusive discounts on Platinum room categories at Platinum Yucatan Princess and Grand Bavaro Princess Discounted rates for kids at Family Club at Grand Riviera Princess and Family Club at Grand Bavaro Princess Discounted rates on family suites, and discounted child pricing on family suites at Tropical Deluxe Princess Princess' unique properties offering distinctive atmospheres and unique vacation experiences extend to the island of Jamaica, as the hotel brand introduced two new luxury beachfront resorts in April 2024: Princess Senses The Mangrove, an adults only destination, and Princess Grand Jamaica, a family-friendly resort exclusive to Sunwing Vacations customers. Canadians excited by the possibility of discovering Princess' signature treatment in Jamaica's dynamic environment can also take advantage of these limited-time perks when booking this June: Princess Senses The Mangrove Non-Platinum Suites will receive an additional welcome amenity The Platinum Swim-out Suite comes with added values including a floating breakfast and a 30-minute Swedish massage The Platinum Junior Suite's added values include breakfast in bed and a 30-minute Swedish massage Princess Grand Jamaica Kids stay free, available from June 1 to December 19, 2025 Unlimited access to virtual reality amenities for guests 13 years and older Added values for guests booking Platinum Suite accommodations including a family photoshoot and in-suite breakfast Lastly, travellers can enter for their chance to win a seven-night all inclusive getaway for two to Princess Grand Jamaica by filling out the form on For additional information or to book an escape and take advantage of Princess' booking perks, travellers can contact their local travel advisor or visit by June 30, 2025. *Restrictions apply. About Sunwing Vacations As the leading vacation provider in Canada, Sunwing Vacations offers more vacation packages to the south than any other vacation provider with convenient direct service from cities across Canada to popular sun destinations across the Caribbean, Mexico and Central America. This scale enables Sunwing Vacations to offer customers exclusive deals at top-rated resorts in the most popular vacation destinations. Sunwing Vacations customers benefit from the assistance of our trusted partner in destination, NexusTours, whose representatives greet customers upon arrival and support them throughout their vacation journey. For more information, please visit SOURCE Sunwing Vacations Inc.

Sunwing Vacations and Princess Hotels & Resorts are packing paradise with perks this June
Sunwing Vacations and Princess Hotels & Resorts are packing paradise with perks this June

Yahoo

time03-06-2025

  • Business
  • Yahoo

Sunwing Vacations and Princess Hotels & Resorts are packing paradise with perks this June

Travellers can enjoy exclusive discounts, added values and more on applicable Mexico, Dominican Republic and Jamaica bookings, plus the chance to win a vacation TORONTO, June 2, 2025 /CNW/ - In collaboration with June's Partner of the Month, Sunwing Vacations is giving Canadians more reasons to book Princess Hotels & Resorts properties in Mexico, the Dominican Republic or Jamaica for their hard-earned getaways. Modern properties in sought-after locations featuring architectural designs that blend seamlessly with paradise's natural surroundings, pristine beachfronts and luxurious amenities, Princess is offering customers limited time incentives to help them experience summer in paradise, or get a jump start on booking their winter vacations, for less. During the month of June, on Mexico and Dominican Republic bookings made by June 30, 2025 for travel by December 22, 2025, travellers can enjoy the following perks at select Princess hotels, including: No single supplement fees at lead-in room categories at Platinum Yucatan Princess and Punta Cana Princess Exclusive discounts on Platinum room categories at Platinum Yucatan Princess and Grand Bavaro Princess Discounted rates for kids at Family Club at Grand Riviera Princess and Family Club at Grand Bavaro Princess Discounted rates on family suites, and discounted child pricing on family suites at Tropical Deluxe Princess Princess' unique properties offering distinctive atmospheres and unique vacation experiences extend to the island of Jamaica, as the hotel brand introduced two new luxury beachfront resorts in April 2024: Princess Senses The Mangrove, an adults only destination, and Princess Grand Jamaica, a family-friendly resort exclusive to Sunwing Vacations customers. Canadians excited by the possibility of discovering Princess' signature treatment in Jamaica's dynamic environment can also take advantage of these limited-time perks when booking this June: Princess Senses The Mangrove Non-Platinum Suites will receive an additional welcome amenity The Platinum Swim-out Suite comes with added values including a floating breakfast and a 30-minute Swedish massage The Platinum Junior Suite's added values include breakfast in bed and a 30-minute Swedish massage Princess Grand Jamaica Kids stay free, available from June 1 to December 19, 2025 Unlimited access to virtual reality amenities for guests 13 years and older Added values for guests booking Platinum Suite accommodations including a family photoshoot and in-suite breakfast Lastly, travellers can enter for their chance to win a seven-night all inclusive getaway for two to Princess Grand Jamaica by filling out the form on For additional information or to book an escape and take advantage of Princess' booking perks, travellers can contact their local travel advisor or visit by June 30, 2025. *Restrictions apply. About Sunwing Vacations As the leading vacation provider in Canada, Sunwing Vacations offers more vacation packages to the south than any other vacation provider with convenient direct service from cities across Canada to popular sun destinations across the Caribbean, Mexico and Central America. This scale enables Sunwing Vacations to offer customers exclusive deals at top-rated resorts in the most popular vacation destinations. Sunwing Vacations customers benefit from the assistance of our trusted partner in destination, NexusTours, whose representatives greet customers upon arrival and support them throughout their vacation journey. For more information, please visit SOURCE Sunwing Vacations Inc. View original content to download multimedia:

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