MindTree Ltd.

NSE: MINDTREE | BSE: 532819 | ISIN: INE018I01017 | Industry: IT Consulting & Software
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Reliance Securities
Digital & robust deal bookings re-instate strong growth outlook Mindtree's revenue beat our estimates with higher than anticipated organic revenue supported by robust growth in Hi-tech and travel & transportation verticals, mitigating BFSI & retail project delay (warned in 4Q mid-quarter review). We continue to be positive on Mindtree based on 1) strong digital traction (increase in win-rate and deal size), 2) growth visibility based on robust deal bookings, and on 3) steady operating margins ahead (synergy benefits and lower visa cost). We...
MindTree Ltd. has an average target of 3837.00 from 1 broker.
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