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CLSA raises earnings estimates over the next two financial years. 

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      Big bets coming in for Tech Mahindra as it clocks in the highest ever quarterly revenue and profits. Profit was up 25% while constant currency revenue growth was up almost 4%, the highest in over 6 quarters.

      Brokerages are betting bigger on the stock, CLSA has raised FY22/ FY23 EPS estimates by 3% each. The broking house says the risk-reward is favourable given a relatively inexpensive valuation. They retain a BUY rating and raise target price from Rs1,300 to Rs1,380.

      Tech Mahindra is currently trading at a fresh 52-week high.

      TechnologyStock marketstock ideasTech Mahindratech companiesearnings

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