Life Insurance coverage Company of India (LIC) has elevated its stake in IT companies agency Tech Mahindra by about 2% by the open market. The insurance coverage behemoth disclosed in a regulatory submitting at present, September 16, that it purchased 1.96 crore shares of Tech Mahindra between June 06, 2025, and September 15, 2025.
Because of this transaction, LIC’s total stake within the firm crossed 10%, reaching 10.84% or 10.61 crore shares. In keeping with Trendlyne shareholding information, LIC has been sustaining a stake within the Mahindra Group firm since 2015.
On the finish of the June quarter, promoters (Mahindra and Mahindra) held a 35% stake within the firm, whereas FIIs and DIIs owned 23.3% and 32.3%, respectively. The remaining 9.4% was held by common public shareholders.
Among the mutual funds that at the moment maintain a stake within the firm are Kotak Flexicap Fund, ICICI Prudential Expertise Fund, and Tata Digital India Fund.
In the meantime, in its newest word, world brokerage agency Jefferies has trimmed its goal worth on the inventory to ₹1,315 apiece from the sooner goal of ₹1,400 and maintained its ‘Underperform’ ranking, because the brokerage believes that rising AI adoption may impression the corporate’s income. Jefferies additionally stated Tech Mahindra has comparatively greater publicity to AI-led income deflation.
Jefferies expects AI to drive a 5–35% productiveness enhance throughout consulting, software companies, infrastructure companies, and BPO companies, with the most important positive factors in software companies and BPO.
Primarily based on productivity-led price financial savings and repair combine, they venture present IT companies income to face a mean deflation of 20% by FY30. Amongst main IT companies, Infosys and HCLTech are seen as having decrease threat of AI-driven income deflation, whereas Tech Mahindra and Wipro face greater publicity.
Tech Mahindra inventory recovers 27% from April lows
The corporate’s shares have recovered sharply from their April lows, regaining 27% to commerce on the present worth of ₹1,531. In July, the inventory crashed 13.24%, marking its largest intraday drop since June 2022, after buyers have been upset with the corporate’s June quarter efficiency.
Following rising expectations of a US Federal Reserve fee minimize and worth shopping for at decrease ranges, the inventory managed to finish August with a modest acquire of 1.20%. Within the present month to date, it has risen by one other 3.38%, but it nonetheless stays under its 52-week excessive of ₹1,807, recorded in December 2024.
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