Tech Mahindra: Lic increases the stake by 2% via the purchase of markets, now has more than 10.8%

Life Insurance Corporation of India (LIC) increased its stake in the IT services firm Tech Mahindra by about 2% by the open market. The assurance of the insurance today, September 16, announced in a regulatory filing that he bought 1.96 crore shares from Tech Mahindra between 06 June 2025 and 15 September 2025. As a result of this transaction, LIC’s overall interest in the company crossed 10% and reached 10.84% ​​or 10.61 crore shares. According to Trendlines shareholding, LIC has maintained a stake in the Mahindra Group Company since 2015. At the end of the June term, promoters (Mahindra and Mahindra) had a 35% stake in the company, while FIIs and DIIS owned 23.3% and 32.3% respectively. The remaining 9.4% were held by general public shareholders. Some of the mutual funds currently owned in the business are Kotak Flexicap Fund, Icici Prudential Technology Fund and Tata Digital India Fund. Meanwhile, the global brokerage firm in his latest note has cut its target price on the share to a £ 1.315 each of the earlier target of £ 1,400 and maintained its ‘underperforming’ rating, as the broker believes the increase in AI adoption could affect the company’s revenue. Jefferies also said Tech Mahindra has relatively higher exposure to AI-led revenue-inflation. Jefferies expects AI to drive a 5-35% productivity increase over consultation, application services, infrastructure services and BPO services, with the largest profits in application services and BPO. Based on productivity-led cost savings and service mix, they project the existing IT services income to have an average deflation of 20% against FY30. Among the most important IT firms, infosys and hcltech are seen as a lower risk for AI-powered revenue fault, while Tech Mahindra and Wipro face higher exposure. Tech Mahindra shares repair of 27% from April lows. The company’s shares recovered from their low in April, with 27% to trade at the current price of £ 1.531. In July, the share crashed 13.24%, which was the biggest decline in the intraday since June 2022, after investors were disappointed with the company’s performance in June. After increasing expectations of a US federal reserve rate cut and value buying at lower levels, the stock managed to end August with a modest 1.20%profit. In the current month so far, it has risen by another 38%, but it still remains below the peak of 52 weeks of £ 1,807, recorded in December 2024. Disclaimer: This story is for educational purposes only. The views and recommendations above are those of individual analysts or brokerage companies, and not of currency. We advise investors to check with certified experts before making investment decisions.