Why did Tech Mahindra stock fall today?

Kotak Institutional Equities cut EPS and fair-value assumptions for Indian IT, warning of GenAI-led revenue deflation and slower discretionary spends. That, plus cautious foreign flows after Iran tensions, pressured sector sentiment. Tech Mahindra tracked the Nifty IT weakness as investors priced in softer near-term growth and possible pricing resets.

Is Tech Mahindra stock oversold right now?

Momentum gauges flash oversold. RSI sits near 21, Stoch %K near 7, and Williams %R around -95. These can support a bounce, but trend strength is still bearish with ADX above 37 and a negative MACD. Confirmation needs closes above ₹1,360 and then ₹1,465, not just intraday spikes.

What key price levels should investors watch?

Support sits around ₹1,311–₹1,300, with a deeper level at the Bollinger lower band near ₹1,247. Resistance is at ₹1,360 and the Bollinger middle near ₹1,465. Above that, supply appears near the 200-DMA at ₹1,538 and 50-DMA at ₹1,580. Position sizing should reflect this range.

How do FII flows affect Indian IT and Tech Mahindra?

IT stocks are sensitive to global risk appetite and the dollar. When FIIs stay underweight or turn cautious, inflows into Indian IT can slow, pressuring valuations and near-term price action. A shift toward net buying often improves liquidity, supports multiples, and can lift Tech Mahindra stock.

Is Tech Mahindra stock a buy at current levels?

It depends on risk tolerance and horizon. Valuation is mid-cycle at 25.5x EPS, yield is 3.38%, and momentum is weak but oversold. A staggered approach makes sense: consider partial adds near ₹1,300 with stops, and add on confirmed closes above ₹1,360–₹1,465. Reassess post-earnings in April.

Global Market Insights

TECHM.NS Stock Today: Kotak AI Disruption Cuts Hit IT – March 8

ByDanny Kontos March 8, 2026March 8, 2026

Tech Mahindra stock weakened as Kotak Institutional Equities warned of higher GenAI-led revenue deflation across Indian IT, sparking pressure on the Nifty IT index. At the 6 March close, the symbol TECHM.NS settled at ₹1,331.7, down 0.12%, with a day range of ₹1,326.6–₹1,359.5. Foreign investor caution after recent Iran tensions also weighed on risk appetite. We break down what Kotak’s call means, how flows shape near-term moves, and where key technical and valuation markers sit for Tech Mahindra stock.