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Tech Mahindra is a largecap IT stock. The IT stock jumped more than 4 per cent after brokerage CLSA upgraded its rating to OUTPERFORM from HOLD. Tech Mahindra is the 5th largest IT company in the country.

CLSA bumped up its target price on the IT firm to Rs 1,749 per share, higher from its earlier target of Rs 1,626.

Stay up-to-date with the Tech Mahindra Stock Liveblog, your trusted source for real-time updates and thorough analysis of a prominent stock. Explore the latest details on Tech Mahindra, including: Last traded price 1568.

In its note, CLSA mentioned that Tech Mahindra is already seeing an expansion in its EBIT margin, with the next key milestone being the order book.