MindTree Ltd.

NSE: MINDTREE | BSE: 532819 | ISIN: INE018I01017 | Industry: IT Consulting & Software
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MindTree Ltd.
MindTree Ltd.
21 Nov 2017
Motilal Oswal
Revenue growth at MTCL had faltered from its otherwise industry-leading trajectory, courtesy weakness in top clients exacerbating the already existent traditional pressures. Smaller deal sizes in Digital restricted MTCL's ability to contain headwinds despite it forming a high proportion of revenue. With Digital becoming mainstream and top clients seeing stability, we expect a revival in revenue growth momentum. At parallel, margin improvement should be a function of initiatives both at an organic and inorganic level. Following our interaction, we believe...
MindTree Ltd. has an average target of 3837.00 from 1 broker.
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