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Buy MindTree Ltd For Target Rs.5651 - ICICI Securities On a strong footing with both revenue and cost synergies in place; remains our top pick We attended LTIMindtree (LTIM) Investor Day 2023 (on Mar 14), wherein the management reiterated its aspiration to achieve US$1bn incremental revenue through cross-sell synergies over the next 2-4 years and reach 19-20% EBIT margins by FY27 i.e. improvement of ~200bps on pro-forma margins of the combined entity as on FY22. Mindtree is stronger in front-end digital solutions and LTI is stronger in back-en...
Buy MindTree Ltd For Target Rs.5651 - ICICI Securities
Buy MindTree Ltd For Target Rs.5651 - ICICI Securities
Source: ICICI Securities Ltd
15/03/2023 11:33:26 AM
Key Stock News: Adani group, L&T Infotech, Mindtree , BSNL , LIC - ARETE Securities Adani group gets approval for NDTV open offer boosting takeover bid Billionaire Gautam Adani’s conglomerate received the regulatory nod to float an open offer for a further 26% stake in New Delhi Television Ltd., marking a crucial milestone in a takeover battle between Asia’s richest person and the broadcaster’s founders. The Securities & Exchange Board of India, or Sebi, approved Adani Group’s open offer, according to a statement on the market regulator’s...
Key Stock News: Adani group, L&T Infotech, Mindtree , BSNL , LIC - ARETE Securities
Key Stock News: Adani group, L&T Infotech, Mindtree , BSNL , LIC - ARETE Securities
Source: ARETE Securities Ltd
15/11/2022 10:03:12 AM
Large Cap: Buy Mindtree Ltd For Target Rs. 3,860 - Geojit Financial Services Strong quarter; growth momentum continues Mindtree Ltd is an information technology (IT) consulting and implementation company focusing on select verticals viz. BFSI, Retail, Travel & Hospitality and Hi-Tech. * Q2FY23 revenue rose 31.5% YoY to Rs. 3,400cr led by strong growth across most of the segments except Retail, CPG and Manufacturing. * EBITDA grew 31.3% YoY despite wage hikes, while margin remained broadly flat at 20.5%. The PAT grew 27.5% YoY to Rs. 509cr. * Mindtree h...
Large Cap: Buy Mindtree Ltd For Target Rs. 3,860 - Geojit Financial Services
Large Cap: Buy Mindtree Ltd For Target Rs. 3,860 - Geojit Financial Services
Source: Geojit Financial Services Ltd
20/10/2022 2:34:43 PM
Buy MindTree Ltd For Target Rs.4915 - ICICI Direct Mindtree (MTCL) reported yet another quarter of strong performance. Highlights: 1) seven consecutive quarters of >5% QoQ CC growth, 2) impressive beat on margins despite wage hikes, and 3) strong growth of 43.9% YoY in deal TCV. Company reported a strong beat on revenue growth at 7.2% QoQ CC (I-Sec: 5.5%) led by strong growth across verticals except RCM. BFSI witnessed a sturdy 10.2% QoQ (USD) growth on the back of ramp-up in key tier-1-client wins of earlier quarters. Top client report...
Buy MindTree Ltd For Target Rs.4915 - ICICI Direct
Buy MindTree Ltd For Target Rs.4915 - ICICI Direct
Source: ICICI Direct Ltd
17/10/2022 10:33:08 AM
Buy Mindtree Ltd For Target Rs. 3,350 - Emkay Global Financial Services MTCL reported strong operating performance, with an all-round beat in Q2. Deal intake remains strong in Q2, with TCV of USD518mn and a healthy mix of annuity and transformation deals. Mgmt remains cautiously optimistic and is closely monitoring developments in sectors like hi-tech, retail, logistics and manufacturing which, in the near term, are expected to demonstrate more sensitivity to the prevailing uncertain macro environment. Further to this, Company has emphasized that its European cli...
Buy Mindtree Ltd For Target Rs. 3,350 - Emkay Global Financial Services
Buy Mindtree Ltd For Target Rs. 3,350 - Emkay Global Financial Services
Source: Emkay Global Financial Services Ltd
14/10/2022 4:04:47 PM
Buy Mindtree Ltd For Target Rs.3,705 - Yes Securities Strong operating performance; merger with LTI to conclude by Dec’22 Result Synopsis Mindtree (MTCL) reported strong financial performance for the quarter. While, the revenue growth was above estimate, EBIT margin came inline. It reported constant currency growth of 7.2% QoQ, led by BFSI( up 10.2% QoQ ) and Travel and Transportation( up 8.8% QoQ). The INR reported growth of 8.9% QoQ was supported by depreciation of INR by 3.4% QoQ vs USD. There was sequential decline in EBIT margin...
Buy Mindtree Ltd For Target Rs.3,705 - Yes Securities
Buy Mindtree Ltd For Target Rs.3,705 - Yes Securities
Source: Yes Securities Ltd
14/10/2022 12:31:35 PM
Mindtree soars on reporting 28% rise in Q2 consolidated net profit Mindtree is currently trading at Rs. 3439.95, up by 116.45 points or 3.50% from its previous closing of Rs. 3323.50 on the BSE. The scrip opened at Rs. 3439.00 and has touched a high and low of Rs. 3472.30 and Rs. 3376.75 respectively. So far 31832 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 5059.15 on 18-Nov-2021 and a 52 week low of Rs. 2650.00 on 26-May-2022. Last one week high and low of the scrip stood...
Mindtree soars on reporting 28% rise in Q2 consolidated net profit
Mindtree soars on reporting 28% rise in Q2 consolidated net profit
Source: Accord Fintech
14/10/2022 12:01:20 PM
Neutral MindTree Ltd For Target Rs. 3,350 - Motilal Oswal Financial Services Focusing on synergies with LTI integration in 3QFY23E * Mindtree (MTCL) reported 2QFY23 revenue of USD422m (up 7.2% QoQ in CC), 210bp ahead of our estimate. Reported USD revenue grew 5.7% QoQ, driven by broad-based growth across verticals, with RCM (+2.9% QoQ in CC) back in growth track. Deal TCV in 2QFY23 was strong at USD518m, up 44% YoY, and aided the company surpass USD1b TCV in 1HFY23. * EBITDA margin contracted 10bp QoQ (50bp ahead of MOFSLe) to 21.0%, despite the full impact of w...
Neutral MindTree Ltd For Target Rs. 3,350 - Motilal Oswal Financial Services
Neutral MindTree Ltd For Target Rs. 3,350 - Motilal Oswal Financial Services
Source: Motilal Oswal Financial Services Ltd
14/10/2022 11:34:39 AM
Key Stock News: Singapore Airlines, India Inc, Mindtree, MTNL, Infosys - ARETE Securities Singapore Airlines confirms Vistara-Air India merger discussions Singapore Airlines (SIA) is engaged in confidential talks with Tata Sons for merging Vistara with Air India, the flagship carrier of the Republic of Singapore informed the stock exchange in the Southeast Asian nation on Thursday in a first acknowledgement of a possible integration of the two airlines. “In line with its multi-hub strategy, SIA is currently in confidential discussions with the Tatas to explore a potent...
Key Stock News: Singapore Airlines, India Inc, Mindtree, MTNL, Infosys - ARETE Securities
Key Stock News: Singapore Airlines, India Inc, Mindtree, MTNL, Infosys - ARETE Securities
Source: ARETE Securities Ltd
14/10/2022 9:46:45 AM
Mindtree zooms on the BSE Mindtree is currently trading at Rs. 3200.00, up by 32.20 points or 1.02% from its previous closing of Rs. 3167.80 on the BSE. The scrip opened at Rs. 3151.00 and has touched a high and low of Rs. 3235.60 and Rs. 3141.90 respectively. So far 20190 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 5059.15 on 18-Nov-2021 and a 52 week low of Rs. 2650.00 on 26-May-2022. Last one week high and low of the scrip stood ...
Mindtree zooms on the BSE
Mindtree zooms on the BSE
Source: Accord Fintech
23/09/2022 1:26:02 PM
Mindtree gains on designing remote digital solution for L&T`s green hydrogen plant in Gujarat Mindtree is currently trading at Rs. 3119.30, up by 7.30 points or 0.23% from its previous closing of Rs. 3112.00 on the BSE. The scrip opened at Rs. 3112.00 and has touched a high and low of Rs. 3141.10 and Rs. 3038.00 respectively. So far 83753 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 5059.15 on 18-Nov-2021 and a 52 week low of Rs. 2650.00 on 26-May-2022. Last one week high and low of the scrip stood a...
Mindtree gains on designing remote digital solution for L&T`s green hydrogen plant in Gujarat
Mindtree gains on designing remote digital solution for L&T`s green hydrogen plant in Gujarat
Source: Accord Fintech
19/09/2022 3:00:53 PM
Mindtree rises on planning to set up development centre in Kolkata Mindtree is currently trading at Rs. 3244.75, up by 32.85 points or 1.02% from its previous closing of Rs. 3211.90 on the BSE. The scrip opened at Rs. 3260.00 and has touched a high and low of Rs. 3265.35 and Rs. 3232.05 respectively. So far 8942 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 5059.15 on 18-Nov-2021 and a 52 week low of Rs. 2650.00 on 26-May-2022. Last one week high and low of the scrip stood a...
Mindtree rises on planning to set up development centre in Kolkata
Mindtree rises on planning to set up development centre in Kolkata
Source: Accord Fintech
8/09/2022 10:08:06 AM
Mindtree soars on inking pact with Rubrik Mindtree is currently trading at Rs. 3024.45, up by 58.35 points or 1.97% from its previous closing of Rs. 2966.10 on the BSE. The scrip opened at Rs. 2955.00 and has touched a high and low of Rs. 3047.10 and Rs. 2938.50 respectively. So far 34057 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 5059.15 on 18-Nov-2021 and a 52 week low of Rs. 2650.00 on 26-May-2022. Last one week high and low of the scrip stood ...
Mindtree soars on inking pact with Rubrik
Mindtree soars on inking pact with Rubrik
Source: Accord Fintech
19/07/2022 2:46:05 PM
Mindtree falls despite reporting 37% rise in Q1 consolidated net profit Mindtree is currently trading at Rs. 2802.00, down by 97.35 points or 3.36% from its previous closing of Rs. 2899.35 on the BSE. The scrip opened at Rs. 2968.00 and has touched a high and low of Rs. 2968.00 and Rs. 2780.65 respectively. So far 58500 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 5059.15 on 18-Nov-2021 and a 52 week low of Rs. 2564.95 on 14-Jul-2021. Last one week high and low of the scrip stoo...
Mindtree falls despite reporting 37% rise in Q1 consolidated net profit
Mindtree falls despite reporting 37% rise in Q1 consolidated net profit
Source: Accord Fintech
14/07/2022 12:09:13 PM
Add Mindtree Ltd For Target Rs.3,432 - Yes Securities Maintains growth momentum along with strong margin performance Our view and valuation Reported strong financial performance with revenue slightly above estimates and EBIT margin significantly above estimates for the quarter.    Robust deal booking for the quarter(all time high) provides strong revenue visibility. Attrition remains high but expected to moderate over next few months. Client mining strategy of upselling and cross selling among top clients continues to serve it well....
Add Mindtree Ltd For Target Rs.3,432 - Yes Securities
Add Mindtree Ltd For Target Rs.3,432 - Yes Securities
Source: Yes Securities Ltd
14/07/2022 8:54:23 AM
L&T to own 68.73% in combined entity after Mindtree, LTI merger Larsen & Toubro Limited as the promoter will own 68.73 per cent stake in the combined entity created by the merger of Mindtree and L&T Infotech (LTI). Mindtree, a leading digital transformation partner with market cap of Rs 578.4 billion will merge into LTI, a global technology consulting and digital solutions company with market cap of Rs 836.2 billion. Subsidiaries and associates of Mindtree will become subsidiaries and associates of LTI. The amalgamated entity will be name...
L&T to own 68.73% in combined entity after Mindtree, LTI merger
L&T to own 68.73% in combined entity after Mindtree, LTI merger
Source: IANS
7/05/2022 2:01:51 PM
Hold MindTree Ltd For Target Rs.4,400 - Emkay Global Steady operating performance MTCL delivered a steady operating performance in Q4. Revenue grew by 4.7% QoQ (CC 5.2%) to USD383.8mn, broadly in line with our expectations. EBITDAM contracted by ~50bps QoQ to 21% and came in a tad better than our expectations. Deal wins remained healthy in Q4 at USD390mn vs. USD358mn in Q3, taking the TCV of deals signed in FY22 to ~USD1.6bn (16.7% YoY). Management indicated that the deal intake remains well-balanced across annuity and transformational de...
Hold MindTree Ltd For Target Rs.4,400 - Emkay Global
Hold MindTree Ltd For Target Rs.4,400 - Emkay Global
Source: Emkay Global Financial Services Ltd
3/05/2022 10:15:51 AM
Mindtree gains on entering into partnership with Sapiens International Corporation Mindtree is currently trading at Rs. 3750.75, up by 25.35 points or 0.68% from its previous closing of Rs. 3725.40 on the BSE. The scrip opened at Rs. 3760.10 and has touched a high and low of Rs. 3799.00 and Rs. 3739.65 respectively. So far 7151 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 5059.15 on 18-Nov-2021 and a 52 week low of Rs. 2019.00 on 26-Apr-2021. Last one week high and low of the scrip stood a...
Mindtree gains on entering into partnership with Sapiens International Corporation
Mindtree gains on entering into partnership with Sapiens International Corporation
Source: Accord Fintech
26/04/2022 10:22:19 AM
Mindtree zooms on acquiring 6.64% stake in COPE Healthcare Consulting Mindtree is currently trading at Rs. 3842.35, up by 105.05 points or 2.81% from its previous closing of Rs. 3737.30 on the BSE. The scrip opened at Rs. 3730.00 and has touched a high and low of Rs. 3873.40 and Rs. 3693.30 respectively. So far 22250 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 5059.15 on 18-Nov-2021 and a 52 week low of Rs. 2004.15 on 23-Apr-2021. Last one week high and low of the scrip stood...
Mindtree zooms on acquiring 6.64% stake in COPE Healthcare Consulting
Mindtree zooms on acquiring 6.64% stake in COPE Healthcare Consulting
Source: Accord Fintech
22/04/2022 11:37:39 AM
Hold MindTree Ltd For Target Rs.4,400 - Emkay Global Steady operating performance MTCL delivered a steady operating performance in Q4. Revenue grew by 4.7% QoQ (CC 5.2%) to USD383.8mn, broadly in line with our expectations. EBITDAM contracted by ~50bps QoQ to 21% and came in a tad better than our expectations. Deal wins remained healthy in Q4 at USD390mn vs. USD358mn in Q3, taking the TCV of deals signed in FY22 to ~USD1.6bn (16.7% YoY). Management indicated that the deal intake remains well-balanced across annuity and transformational de...
Hold MindTree Ltd For Target Rs.4,400 - Emkay Global
Hold MindTree Ltd For Target Rs.4,400 - Emkay Global
Source: Emkay Global Financial Services Ltd
20/04/2022 10:36:25 AM
Add MindTree Ltd For Target Rs.4,507 - Yes Securities Inline performance on both revenue and operating margin front Our view and valuation Reported strong financial performance with revenue and EBIT margin broadly inline with estimates for the quarter.  Robust deal booking provides strong revenue visibility. Attrition remains high but expected to stabilize over next 6 months. Client mining strategy of upselling and cross selling among top clients continues to serve it well.  We expect certain costs related to travel and...
Add MindTree Ltd For Target Rs.4,507 - Yes Securities
Add MindTree Ltd For Target Rs.4,507 - Yes Securities
Source: Yes Securities Ltd
19/04/2022 11:26:16 AM
Neutral MindTree Ltd For Target Rs.4,230 - Motilal Oswal Reassuring performance, valuations full Demand intact, expect stable margin MTCL reported a revenue of USD384m (+5.2% QoQ CC) in 4QFY22. Reported revenue grew 4.8% (inline), driven by broad-based growth across verticals and regions. Deal TCV rose 9% QoQ to USD390m in 4QFY22. The management reiterated that the demand environment continues to remain strong, and expects industry-leading growth in FY23. EBITDA margin fell 50bp QoQ (inline) in 4QFY22 on higher utilization and offshoring. ...
Neutral MindTree Ltd For Target Rs.4,230 - Motilal Oswal
Neutral MindTree Ltd For Target Rs.4,230 - Motilal Oswal
Source: Motilal Oswal Financial Services Ltd
19/04/2022 9:33:22 AM
Stock Picks - State Bank of India Ltd & Mindtree Ltd By ICICI Direct State Bank of India Buy State Bank of India Ltd @495-497 CMP 496.15 Stop Loss 491.10 Target 506.20   Mindtree Buy Mindtree​​​​​​​ Ltd @ 4263.00-4267.00 CMP 4263.00 Stop Loss 4223.40 Target 4339.00   To Read Complete Report & Disclaimer Click Here   https://secure.icicidirect.com/Content/StaticData/Disclaimer.html   Views express by all participants...
Stock Picks - State Bank of India Ltd & Mindtree Ltd By ICICI Direct
Stock Picks - State Bank of India Ltd & Mindtree Ltd By ICICI Direct
Source: ICICI Direct
30/03/2022 11:20:28 AM
Stock Picks - Mindtree Ltd & Titan Ltd By ICICI Direct Stock Picks Mindtree (MINLIM)– Daily candlestick chart Buy Mindtree Ltd @4050.00-4055.00 CMP 4049.90 Stop Loss 4017.70 Target 4120.00   Titan (TITIND)– Daily candlestick chart Sell Titan Ltd @723.00-725.00 CMP 724.05 Stop Loss 730.30 Target 718.10/712.00   To Read Complete Report & Disclaimer Click Here   https://secure.icicidirect.com/Content/StaticData/Disclaime...
Stock Picks - Mindtree Ltd & Titan Ltd By ICICI Direct
Stock Picks - Mindtree Ltd & Titan Ltd By ICICI Direct
Source: ICICI Direct
23/03/2022 10:45:26 AM
Neutral Mindtree Ltd Target Rs. 4050 - Motilal Oswal Financial Investor meet reinforces strong demand visibility We attended MTCL’s annual investor meet, where the management reiterated its strong demand outlook and detailed the six strategic levers for FY23. It sees scope for continued performance in their 4x4x4 strategy and investments required to boost long-term growth. Here are the key highlights from the meet: The demand outlook for the industry continues to remain strong. It has not seen any slowdown due to the recent inflationary conce...
Neutral Mindtree Ltd Target Rs. 4050 - Motilal Oswal Financial
Neutral Mindtree Ltd Target Rs. 4050 - Motilal Oswal Financial
Source: Motilal Oswal Financial Services Ltd
9/03/2022 12:43:18 PM
SBI, Mindtree, Ambuja Cement, IEX, 4 others 'top picks': ICICI Securities Amid the ongoing market volatility, the brokerage house ICICI Securities has recommended State Bank of India, Mindtree, Ambuja Cement, Balkrishna Industries, Aditya Birla Fashion & Retail, Indian Energy Exchange, Grindwell Norton, and Balrampur Chini shares as its 'top picks'. The brokerage sees 11-15 per cent upside in share price for these stocks. "Fundamentally, the medium to long term constructive thesis on Indian equities remains intact amid economic recovery as re...
SBI, Mindtree, Ambuja Cement, IEX, 4 others 'top picks': ICICI Securities
SBI, Mindtree, Ambuja Cement, IEX, 4 others 'top picks': ICICI Securities
Source: IANS
28/02/2022 2:28:04 PM
Add Mindtree Ltd For Target Rs.5,105 - Yes Securities Inline performance along with improvement in EBIT margin led by cost optimization Our view Reported strong financial performance with revenue broadly in line and EBIT margin for the quarter well above consensus estimates. Robust deal booking provides strong revenue visibility. It continues to face the margin headwinds as attrition has sharply picked up. Revenue concentration with the top client remains high at 24.9%. We maintain BUY Rating on the stock with revised target price of Rs 5,...
Add Mindtree Ltd For Target Rs.5,105 - Yes Securities
Add Mindtree Ltd For Target Rs.5,105 - Yes Securities
Source: Yes Securities Ltd
17/01/2022 10:27:37 AM
Hold Mindtree Ltd For Target Rs.4,550 - Emkay Global Strong operating performance * MTCL’s Q3FY22 revenue grew by a healthy 4.7%/33.7% QoQ/YoY to USD366.4mn in a seasonally soft quarter, and was broadly in line with our expectations. EBITDAM expanded by ~100bps QoQ to 21.5%, ahead of our expectations on the back of operating efficiencies. * The company is confident of delivering industry-leading double-digit revenue growth, driven by strong deal wins, a healthy deal pipeline and broad-based revenue growth. MTCL remains confident of ...
Hold Mindtree Ltd For Target Rs.4,550 - Emkay Global
Hold Mindtree Ltd For Target Rs.4,550 - Emkay Global
Source: Emkay Global Financial Services Ltd
15/01/2022 9:36:57 AM
Key News - Vedanta Ltd, Mindtree Ltd, Reliance Industries Limited Ltd, Bharat Biotech, Braithwaite & Co Ltd By ARETE Securities Key News Vedanta puts $12-bn price tag on privatisation-bound Bharat Petroleum Vedanta Group is willing to spend $12 billion to acquire India’s state-owned refiner Bharat Petroleum Corp., an asset sale that’s among the nation’s biggest and which has faced delays in completion. “We’re not going to bid aggressively, but we will put the right price,” billionaire chairman Anil Agarwal said in an interview in Riyadh on Wednesday. “The market cap of t...
Key News - Vedanta Ltd, Mindtree Ltd, Reliance Industries Limited Ltd, Bharat Biotech, Braithwaite & Co Ltd By ARETE Securities
Key News - Vedanta Ltd, Mindtree Ltd, Reliance Industries Limited Ltd, Bharat Biotech, Braithwaite & Co Ltd By ARETE Securities
Source: ARETE Securities Ltd
14/01/2022 9:52:36 AM
Neutral Mindtree Ltd For Target Rs.4,880 - Motilal Oswal Good 3QFY22 performance, but valuations remains rich Margin to moderate in FY23 on a pickup in investment * MTCL reported a revenue of USD366m (+5.2% QoQ CC) in 3QFY22, above our estimate of 3.5% QoQ growth, driven by broad based growth across verticals and regions. Deal TCV in 3QFY22 was stable at USD358m, with a good mix of annuity and transformational deals. The management reiterated that the demand environment continues to remain strong, and expects industry leading growth in FY22. ...
Neutral Mindtree Ltd For Target Rs.4,880 - Motilal Oswal
Neutral Mindtree Ltd For Target Rs.4,880 - Motilal Oswal
Source: Motilal Oswal Financial Services Ltd
14/01/2022 9:21:55 AM
Stock Picks - Mindtree Ltd and Indraprastha Gas Ltd By ICICI Direct Mindtree Buy Mindtree Ltd @ 4755.00-4762.00 CMP 4758.40 TGT 4829.00 SL 4720.70   Indraprastha Gas Sell Indraprastha Gas Ltd @ 471.00-472.00 CMP 469.00 TGT 462.50 SL 476.10   To Read Complete Report & Disclaimer Click Here   https://secure.icicidirect.com/Content/StaticData/Disclaimer.html   Views express by all participants are for information & aca...
Stock Picks - Mindtree Ltd and Indraprastha Gas Ltd By ICICI Direct
Stock Picks - Mindtree Ltd and Indraprastha Gas Ltd By ICICI Direct
Source: ICICI Direct
31/12/2021 11:39:30 AM
Stock Picks - Mindtree Ltd and Canara Bank​​​​​​​ Ltd By ICICI Direct Mindtree Buy Mindtree Ltd @ 4655.00-4662.00 CMP 4655.55 TGT 4729.00 SL 4619.30   Canara Bank Buy Canara Bank Ltd @ 214.50-215.30 CMP 215.00 TGT 218.90 SL 212.70​​​​​​​   To Read Complete Report & Disclaimer Click Here   https://secure.icicidirect.com/Content/StaticData/Disclaimer.html   Views express by all participants are for information & academic pur...
Stock Picks - Mindtree Ltd and Canara Bank​​​​​​​ Ltd By ICICI Direct
Stock Picks - Mindtree Ltd and Canara Bank​​​​​​​ Ltd By ICICI Direct
Source: ICICI Direct
9/12/2021 11:44:37 AM
Buy MindTree Ltd 4700CE For Target Rs.240 - Religare Broking Religare Super Idea   To Read Complete Report & Disclaimer Click Here   Please refer disclaimer at https://www.religareonline.com/disclaimer SEBI Registration number is INZ000174330   Above views are of the author and not of the website kindly read disclaime
Buy MindTree Ltd 4700CE For Target Rs.240 - Religare Broking
Buy MindTree Ltd 4700CE For Target Rs.240 - Religare Broking
Source: Religare Broking Ltd
9/12/2021 11:26:56 AM
Hold Mindtree Ltd For Target Rs.4,450 - Emkay Global Strong operating performance to sustain * MTCL’s simple and focused 4*4*4 growth strategy, investments in partnerships and whitespace opportunities led to superior growth in the last few quarters. Though Q2 performance will be difficult to replicate, we expect revenue growth momentum to sustain. * In the mid-cap space, MTCL benefitted from its better footprint among F500 clients amid a strong rebound in technology spending. The sharp recovery in TTH and deferral of uptick in trave...
Hold Mindtree Ltd For Target Rs.4,450 - Emkay Global
Hold Mindtree Ltd For Target Rs.4,450 - Emkay Global
Source: Emkay Global Financial Services Ltd
30/11/2021 12:02:54 PM
Stock Picks - Kotak Mahindra Bank Ltd and Mindtree Ltd By ICICI Direct Kotak Mahindra Bank Buy Kotak Mahindra Bank Ltd @ 2118.00-2124.00 CMP 2122.65 TGT 2159.00 SL 2101.30   Mindtree Buy Mindtree Ltd @ 4838.00-4844.00 CMP 4839.25 TGT 4918.00 SL 4797.00   To Read Complete Report & Disclaimer Click Here   https://secure.icicidirect.com/Content/StaticData/Disclaimer.html   Views express by all participants are for information & aca...
Stock Picks - Kotak Mahindra Bank Ltd and Mindtree Ltd By ICICI Direct
Stock Picks - Kotak Mahindra Bank Ltd and Mindtree Ltd By ICICI Direct
Source: ICICI Direct
9/11/2021 11:16:34 AM
Buy MindTree Ltd For Target Rs.4915 - ICICI Direct Strong numbers, rich valuations… About the stock: Mindtree Ltd (Mindtree) is a mid-tier IT company with a presence in the US, Europe & RoW catering to BFSI, communication media & technology, retail & travel. * Expertise in infrastructure & application catering to Global 2000 clients * Leading margins (>20%) compared to mid-tier IT companies   Q2FY22 Results: Mindtree reported robust Q2FY22 results. * US$ revenues increased 12.8% QoQ to US$350 m...
Buy MindTree Ltd For Target Rs.4915 - ICICI Direct
Buy MindTree Ltd For Target Rs.4915 - ICICI Direct
Source: ICICI Direct
8/11/2021 12:19:10 PM
Stock Picks - Mindtree Ltd and Bharat Heavy Electricals​​​​​​​ Ltd By ICICI Direct Mindtree Ltd Buy Mindtree Ltd @ 4758.00-4762.00 CMP 4761.65 TGT 4840.00SL 4720.70   Bharat Heavy Electricals Limited Buy Bharat Heavy Electricals Limited @ 71.80-72.20 CMP 72.20 TGT 73.60 SL 71.20   To Read Complete Report & Disclaimer Click Here   https://secure.icicidirect.com/Content/StaticData/Disclaimer.html   Views express by all participants are for information...
Stock Picks - Mindtree Ltd and Bharat Heavy Electricals​​​​​​​ Ltd By ICICI Direct
Stock Picks - Mindtree Ltd and Bharat Heavy Electricals​​​​​​​ Ltd By ICICI Direct
Source: ICICI Direct
2/11/2021 11:53:55 AM
Mindtree surges on expanding relationship with ServiceNow Mindtree is currently trading at Rs. 4530.00, up by 97.25 points or 2.19% from its previous closing of Rs. 4432.75 on the BSE. The scrip opened at Rs. 4425.00 and has touched a high and low of Rs. 4588.60 and Rs. 4425.00 respectively. So far 22774 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 4937.15 on 14-Oct-2021 and a 52 week low of Rs. 1283.00 on 10-Nov-2020. Last one week high and low of the scrip stood ...
Mindtree surges on expanding relationship with ServiceNow
Mindtree surges on expanding relationship with ServiceNow
Source: Accord Fintech
26/10/2021 10:28:58 AM
Neutral Mindtree Ltd For Target Rs.4,460 - Motilal Oswal Stellar performance and outlook, but valuations rich Strong margin despite wage revisions * MTCL delivered another excellent quarter, with a revenue of USD350m (+12.8% QoQ, est. 8.3%), driven by broad based growth across verticals and regions. The only pocket of weakness in 2QFY22 was in its top client (flat QoQ), which now accounts for 24% of revenue (exposure down by ~600bp v/s the peak in 1QFY21). Deal TCV stood at USD360m (-29% QoQ/+19% YoY), with a good mix of annuity and transform...
Neutral Mindtree Ltd For Target Rs.4,460 - Motilal Oswal
Neutral Mindtree Ltd For Target Rs.4,460 - Motilal Oswal
Source: Motilal Oswal Financial Services Ltd
21/10/2021 11:18:01 AM
Add Mindtree Ltd For Target Rs. 5,050 - Yes Securities Overall, strong operating performance in Q2FY22 Our view Reported strong financial performance with both the revenue and EBIT margin for the quarter well above consensus estimates. Robust deal booking provides strong revenue visibility. But, it continues to face the margin headwinds as attrition has sharply picked up. Revenue concentration with the top client remains high at 24.3%. We expect it to report revenue CAGR of 18.9% with average EBIT margin of 17.0% over FY22E‐FY24E. We mainta...
Add Mindtree Ltd For Target Rs. 5,050 - Yes Securities
Add Mindtree Ltd For Target Rs. 5,050 - Yes Securities
Source: Yes Securities Ltd
18/10/2021 10:33:49 AM
Mindtree trades jubilantly on reporting 57% rise in Q2 consolidated net profit Mindtree is currently trading at Rs. 4685.00, up by 321.75 points or 7.37% from its previous closing of Rs. 4363.25 on the BSE. The scrip opened at Rs. 4590.00 and has touched a high and low of Rs. 4937.15 and Rs. 4550.00 respectively. So far 218388 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 4732.40 on 24-Sep-2021 and a 52 week low of Rs. 1264.25 on 16-Oct-2020. Last one week high and low of the scrip stoo...
Mindtree trades jubilantly on reporting 57% rise in Q2 consolidated net profit
Mindtree trades jubilantly on reporting 57% rise in Q2 consolidated net profit
Source: Accord Fintech
14/10/2021 3:51:01 PM
Sell Mindtree Ltd For Target Rs. 3,300 - Emkay Global All-round beat * Q2FY22 operating performance beat our expectations. Revenue grew 12.8% QoQ to USD350.1mn (13.4% CC). EBITDAM expanded ~20bps QoQ to 20.5% on the back of revenue acceleration and operating efficiencies, which negated the salary hike impact. * The company is confident of delivering industry-leading double-digit revenue growth on the back of strong deal wins, healthy deal pipeline and broad-based revenue growth. MTCL remains confident of delivering 20%+ EBITDAM in FY22. ...
Sell Mindtree Ltd For Target Rs. 3,300 - Emkay Global
Sell Mindtree Ltd For Target Rs. 3,300 - Emkay Global
Source: Emkay Global Financial Services Ltd
14/10/2021 3:24:08 PM
Key News - Wipro Ltd, Air India, Shriram Housing Finance, Bayer CropScience Ltd, Mindtree, Tata Group By ARETE Securities Key News Wipro beats estimates but profit falls 9.6% QoQ; IT revenue up 7.7% Sugar companies' revenue is likely to grow by 5-7 per cent in 2021-22, following firm domestic and global prices and expected growth in both sugar exports and ethanol volumes, according to a report. On the back of favourable pricing environments domestically and globally as well as increased share of ethanol in revenue mix, the revenues of a sample of sugar companies are expected to grow by 5-7 per cent in ...
Key News - Wipro Ltd, Air India, Shriram Housing Finance, Bayer CropScience Ltd, Mindtree, Tata Group By ARETE Securities
Key News - Wipro Ltd, Air India, Shriram Housing Finance, Bayer CropScience Ltd, Mindtree, Tata Group By ARETE Securities
Source: ARETE Securities Ltd
14/10/2021 9:19:31 AM
Key News - Jubilant Ingrevia Ltd, Mindtree, Hero Electric, Axis Bank By ARETE Securities Key News Restructuring plan: Ford India talks up compensation with dealer partners Ford India on Wednesday met its principal dealers to work out a compensation formula as it prepares to exit India's automobile market as part of a restructuring it announced on September 9. Most of the company's 170 dealers signed a non-disclosure agreement – a precondition set by the company to start negotiations. The day-long meeting hosted by Anurag Mehrotra, Ford India managing director,...
Key News - Jubilant Ingrevia Ltd, Mindtree, Hero Electric, Axis Bank By ARETE Securities
Key News - Jubilant Ingrevia Ltd, Mindtree, Hero Electric, Axis Bank By ARETE Securities
Source: ARETE Securities Ltd
23/09/2021 10:01:20 AM
Stock Picks - Reliance Industries Ltd and Mindtree​​​​​​​​​​​​​​​​​​​​​ Ltd By ICICI Direct Reliance Industries Buy Reliance Industries Ltd @ 2130.00-2136.00 CMP 2143.80 TGT 2174.00 SL 2112.40   Mindtree Buy Mindtree Ltd @ 2917-2923.00 CMP 2922.80 TGT 2969.00 SL 2894.40   To Read Complete Report & Disclaimer Click Here   https://secure.icicidirect.com/Content/StaticData/Disclaimer.html   Views express by all participants are for information & a...
Stock Picks - Reliance Industries Ltd and Mindtree​​​​​​​​​​​​​​​​​​​​​ Ltd By ICICI Direct
Stock Picks - Reliance Industries Ltd and Mindtree​​​​​​​​​​​​​​​​​​​​​ Ltd By ICICI Direct
Source: ICICI Direct
16/08/2021 10:59:14 AM
Buy Mindtree Ltd Target Rs. 3040 - Religare Broking Derivative Ideas  MINDTREE FUTS added around 4% in open interest as LONG buildup was seen in it . Current chart pattern also indicates further up move in its price. We suggest buying in MINDTREE as per below levels. Strategy:- BUY MINDTREE BETWEEN 2905-2910 SL 2860 TARGET 3040.   To Read Complete Report & Disclaimer Click Here   lease refer disclaimer http://ex.religareonline.com/disclaimer SEBI Registration number is INZ000174330 &nbs...
Buy Mindtree Ltd Target Rs. 3040 - Religare Broking
Buy Mindtree Ltd Target Rs. 3040 - Religare Broking
Source: Religare Broking Ltd
13/08/2021 11:15:14 AM
Neutral Mindtree Ltd For Target Rs. 2,620 - Motilal Oswal Stellar revenue in 1QFY22, deal wins imply continuing momentum Increased investments a drag on margin * MTCL delivered another strong quarter, with USD CC revenue growth of 7.6% QoQ, above our estimate of 6.3%, led by broad based growth across client buckets. Deal TCV was at a record high of USD504m, with a growing proportion of annuity deals, which offers better revenue visibility, but having larger than usual renewal share. * EBITDA margin fell 160bp QoQ, led by higher employee add...
Neutral Mindtree Ltd For Target Rs. 2,620 - Motilal Oswal
Neutral Mindtree Ltd For Target Rs. 2,620 - Motilal Oswal
Source: Motilal Oswal Financial Services
4/08/2021 11:53:18 AM
Stock Picks - Hindalco Industries Ltd and Mindtree​​​​​​​ Ltd By ICICI Direct Hindalco Buy Hindalco Industries Ltd @ 443.00-445.00 CMP 444.20 TGT 453.00 SL 439.40   Mindtree Buy Mindtree Ltd @ 2894.00-2904.00 CMP 2900.80 TGT 2948.00 SL 2873.40   To Read Complete Report & Disclaimer Click Here   https://secure.icicidirect.com/Content/StaticData/Disclaimer.html   Views express by all participants are for information & academic ...
Stock Picks - Hindalco Industries Ltd and Mindtree​​​​​​​ Ltd By ICICI Direct
Stock Picks - Hindalco Industries Ltd and Mindtree​​​​​​​ Ltd By ICICI Direct
Source: ICICI Direct
3/08/2021 11:54:58 AM