Tech Mahindra has achieved a significant technical breakthrough by breaking out from a prolonged consolidation phase to hit a fresh 52-week high on the daily charts. The IT sector stock has demonstrated strong upward momentum, attracting attention from technical analysts and short-term traders.

Recent Performance Highlights

The stock has shown impressive performance metrics in recent trading sessions:

Technical Analysis and Price Targets

Technical experts have identified promising opportunities for short-term traders following the breakout. The stock's movement above its consolidation range has opened up new upside potential, with analysts suggesting a possible target of ₹1,850 in the next 1-2 months.

The breakout is particularly significant given the stock's previous trading pattern, where ₹1,700 had acted as a stiff resistance level. This resistance zone had previously capped the stock's upward movement, making the current breakout a notable technical development.

Market Positioning

As part of the IT sector, Tech Mahindra's strong performance reflects both company-specific factors and broader sectoral dynamics. The fresh 52-week high represents a key milestone for investors who have been tracking the stock's consolidation phase.

The combination of strong recent performance metrics and positive technical indicators has created an optimistic outlook among market experts, particularly for traders with shorter investment horizons looking to capitalize on the momentum.

Mahindra & Mahindra Group CEO Anish Shah has announced the company's intention to list its electric three-wheeler business in 2027, marking a significant step in the automotive giant's electric mobility strategy. Speaking exclusively to CNBC-TV18 at the World Economic Forum in Davos, Shah outlined the rationale behind this strategic move and the company's broader growth plans.

Strategic IPO Plans for Electric Three-Wheeler Business

Shah explained that the electric three-wheeler arm has reached sufficient maturity to operate independently and scale effectively. The planned listing aims to unlock value while providing capital for the next phase of expansion. "We will use the funds from the electric three-wheeler business listing for growth," Shah stated, emphasizing the group's commitment to disciplined capital allocation.

Electric Mobility Growth Trajectory

The company's electric vehicle segment currently represents approximately 7% of Mahindra's overall volumes. However, Shah projects this share will gradually increase to 20-30% over time as the market evolves and infrastructure develops.

Infrastructure Challenges and Market Outlook

Despite the positive growth trajectory, Shah identified infrastructure as a critical bottleneck for electric vehicle adoption. He specifically highlighted the need for improved charging availability on highways to accelerate meaningful adoption across all vehicle segments. This infrastructure gap remains a key challenge that could impact the pace of electric mobility transformation in India.

Broader Strategic Vision and Market Positioning

At the World Economic Forum, Shah emphasized "resilience" as the dominant theme in current business discussions, reflecting how companies have navigated global challenges in recent years. The Mahindra Group's message to policymakers ahead of the Union Budget focuses on policy continuity, with Shah advocating to "stay on track" given the positive impact of recent government initiatives.

Shah also stressed India's need to accelerate its push toward becoming a global manufacturing hub, not only to capture growth opportunities but also to reduce vulnerabilities from concentrated global supply chains. He cited recent rare-earth magnet shortages as an example of unexpected supply-chain disruptions that can significantly impact manufacturing and mobility businesses.

Current Market Performance

Mahindra & Mahindra shares were trading 1.09% down at ₹3,617.70 as of 1:26 PM on the day of the announcement. Despite the intraday decline, the stock has gained 11.43% over the past six months, reflecting investor confidence in the company's strategic direction.

The planned electric three-wheeler business listing underscores Mahindra's focused approach to electric mobility as a long-term growth driver, while maintaining capital discipline amid global market volatility. This strategic move positions the company to capitalize on India's evolving electric vehicle landscape while addressing infrastructure and supply chain challenges that could impact future growth.

Source: https://www.cnbctv18.com/business/companies/davos-2026-mahindra-mahindra-plans-to-list-electric-three-wheeler-business-in-2027-anish-shah-exclusive-ws-l-19824482.htm