MindTree Ltd.

NSE: MINDTREE | BSE: 532819 | ISIN: INE018I01017 | Industry: IT Consulting & Software
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Reliance Securities
Mindtree posted in-line revenue growth with stronger-than-expected organic growth (ex-BlueFin) as well as robust deal trends (5.6% qoq growth in total deal TCV and 15% growth in TCV with <1year duration). Based on, 1) strong traction in digital/SMAC (36% yoy growth), 2) robust book-to-bill of >1.1x, 3) continuity in top account performance and 4) capability enhancement, albeit earnings dilutive deal...
MindTree Ltd. has an average target of 3837.00 from 1 broker.
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