While Bluefin witnessed an improved performance, Mindtree's other subsidiary Magnet 360 continues to face growth challenges. The Management has maintained the earlier growth outlook given post 1QFY18 result, which implies CC revenue growth in higher single digit as against low double digit growth envisaged at the beginning of FY18. Margin expansion efforts remain work-in-progress at this point. We believe it will be a challenge for Mindtree to achieve revenue growth along with margin expansion especially considering the current challenging business environment. The Management intends to consistently use share buy-back method as part of its capital allocation policy, which could prevent major stock price downside, in our view....