Mindtree: Results Review
Our target price is INR 2,635, valued at 28x Jun-23E EPS (15% CAGR over FY21-24E over a high base in FY21 at >70%). Mindtree: We maintain ADD on...
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Stellar revenue in 1QFY22, deal wins imply continuing momentum
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...
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MINDTREE: The company highlighted long term growth through client mining, geographic expansion, w...
The company highlighted long term growth through client mining, geographic expansion, whitespace opportunities and growth with hyperscalers. In...
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Event Update:Mindtree
We recommend a BUY and assign 24x P/E multiple to its FY23E Earnings of Rs. 103.8/share which gives a TP of Rs. 2,475/share, implying an upside of...
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Growth outlook remains intact
We attended MTCL's Analyst Day, where the management reiterated its 4x4x4 strategy and investments that the company is incurring to boost long-term...
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