Tech Mahindra's Progress on Three-Year Turnaround Plan Appears Good -- Market Talk

Dow Jones01-19 15:03

0703 GMT - Tech Mahindra's progress on its three-year turnaround plan appears good so far, Nomura analysts say in a research report. The plan, known as 'Project Fortius,' include a higher-than-peers revenue growth rate by FY 2027, for which management recently reaffirmed its ambition to deliver, the analysts note. Project Fortius continues to yield good results for the Indian IT services and consulting company, with increased scope for margin improvement from delivery excellence, portfolio consolidation and further increase in offshore mix in the medium term. Nomura raises the stock's target price to INR1,810.00 from INR1,750.00 with an unchanged buy rating. Shares are 3.7% higher at INR1,732.00. (ronnie.harui@wsj.com)

(END) Dow Jones Newswires

January 19, 2026 02:03 ET (07:03 GMT)

At the request of the copyright holder, you need to log in to view this content

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2604188043?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2026-01-19 15:03","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2604188043","market":"other","top_or_hot":-1,"title":"Tech Mahindra's Progress on Three-Year Turnaround Plan Appears Good -- Market Talk","media":"Dow Jones","content":"<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     0703 GMT - Tech Mahindra's progress on its three-year turnaround plan appears good so far, Nomura analysts say in a research report. The plan, known as 'Project Fortius,' include a higher-than-peers revenue growth rate by FY 2027, for which management recently reaffirmed its ambition to deliver, the analysts note. Project Fortius continues to yield good results for the Indian IT services and consulting company, with increased scope for margin improvement from delivery excellence, portfolio consolidation and further increase in offshore mix in the medium term. Nomura raises the stock's target price to INR1,810.00 from INR1,750.00 with an unchanged buy rating. Shares are 3.7% higher at INR1,732.00. (ronnie.harui@wsj.com) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  January 19, 2026 02:03 ET (07:03 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Tech Mahindra's Progress on Three-Year Turnaround Plan Appears Good -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTech Mahindra's Progress on Three-Year Turnaround Plan Appears Good -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2026-01-19 15:03</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     0703 GMT - Tech Mahindra's progress on its three-year turnaround plan appears good so far, Nomura analysts say in a research report. The plan, known as 'Project Fortius,' include a higher-than-peers revenue growth rate by FY 2027, for which management recently reaffirmed its ambition to deliver, the analysts note. Project Fortius continues to yield good results for the Indian IT services and consulting company, with increased scope for margin improvement from delivery excellence, portfolio consolidation and further increase in offshore mix in the medium term. Nomura raises the stock's target price to INR1,810.00 from INR1,750.00 with an unchanged buy rating. Shares are 3.7% higher at INR1,732.00. (ronnie.harui@wsj.com) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  January 19, 2026 02:03 ET (07:03 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"PRGS","symbol_name":"Progress Software Corporation","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2604188043","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2604188043","pubTimestamp":1768806180,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0703 GMT - Tech Mahindra's progress on its three-year turnaround plan appears good so far, Nomura analysts say in a research report. The plan, known as 'Project Fortius,' include a higher-than-peers revenue growth rate by FY 2027, for which management recently reaffirmed its ambition to deliver, the analysts note. Project Fortius continues to yield good results for the Indian IT services and consulting company, with increased scope for margin improvement from delivery excellence, portfolio consolidation and further increase in offshore mix in the medium term. Nomura raises the stock's target price to INR1,810.00 from INR1,750.00 with an unchanged buy rating. Shares are 3.7% higher at INR1,732.00. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"PRGS":"Progress Software Corporation","BK4097":"系统软件","LU2065732104.USD":"ALLSPRING (LUX) WF GLOBAL SMALL CAP EQUITY \"I\" (USD) ACC"},"translate_title":"Tech Mahindra三年扭亏为盈计划进展良好——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"PRGS":1.5},"content_text":"0703 GMT - Tech Mahindra's progress on its three-year turnaround plan appears good so far, Nomura analysts say in a research report. The plan, known as 'Project Fortius,' include a higher-than-peers revenue growth rate by FY 2027, for which management recently reaffirmed its ambition to deliver, the analysts note. Project Fortius continues to yield good results for the Indian IT services and consulting company, with increased scope for margin improvement from delivery excellence, portfolio consolidation and further increase in offshore mix in the medium term. Nomura raises the stock's target price to INR1,810.00 from INR1,750.00 with an unchanged buy rating. Shares are 3.7% higher at INR1,732.00. (ronnie.harui@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  January 19, 2026 02:03 ET (07:03 GMT)\n\n\n  Copyright (c) 2026 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.36.0","shortVersion":"4.36.0","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2604188043","isCrawlerRequest":true}