Tech Mahindra has underperformed the benchmark Nifty as well as the IT index despite a decent quarter three.

Q3 saw positive revenue momentum aided by communication and enterprise vertical. It also saw 170 basis points sequential improvement in EBIT margins supported by the high utilization rate of 87 percent.

The management is confident of maintaining margins in the long term. It also alluded to a strongest ever deal pipeline of large deals in enterprises.

In the special segment ‘Moneycontrol Pro Ideas For Profit’, moneycontrol.com’s Madhuchanda Dey gets details on how the stock is expected to perform.

Watch video for more.

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(Edited by : Priyanka Rathi)