Technical analyst Ashish Chaturmotha of IIFL Wealth is bullish on Tech Mahindra Limited and has maintained 'buy' rating on the stock to attain a target of Rs 770 in the shot run.

According to the analyst, the investors can buy the stock with a stop loss of Rs 715.

The stock of the company, on March 15, closed at Rs 734.65 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 934.35 and a low of Rs 558 on BSE.

Current EPS & P/E ratio stood at 64.81 and 11.48 respectively.

Indian IT services supplier Tech Mahindra announced that it has launched a new development centre in Germany with the aim to service customers in the nation as well as central Europe.

Europe makes around 54% of the Tech Mahindra's income, with Germany placing second in the continent after UK, Tech Mahindra, a division of tractor and utility vehicle manufacturer Mahindra & Mahindra announced in a declaration.

Tech Mahindra, in which BT Group holds around 25% equity stake, offers up IT services to the telecommunications segment and counts among its customers AT&T, Alcatel-Lucent, Motorola and Vodafone.