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Street view: BUY with a consensus target of ₹1500.
Bulls: HDFC Securities sees a 15% increase in the company's IT services revenue; the brokerage expects a strong recovery in the Europe and North America regions.
Bears: A muted outlook for the BFSI sector may impact Tech Mahindra's Q2 performance; a decline in the company's margins is also a concern, according to a report by another brokerage.