External broker reports(aggregated public sources), Motilal Oswal Financial Services Limited

Motilal Oswal

External broker reports(aggregated public sources)

Motilal Oswal Financial Services Limited

Motilal Oswal Financial Services Limited is an Indian diversified financial services firm offering a range of financial products and services. 

Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

Equity Bottom-Up

<ul><li>We attended MTCL's annual investor meet, where the management reiterated its strong demand outlook and detailed the six strategic levers for FY23. It sees scope for continued performance in their 4x4x4 strategy and investments required to boost long-term.</li><li>.</li></ul><div class="content-highlight"><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></div>

We attended MTCL's annual investor meet, where the management reiterated its strong demand outlook and detailed the six strategic levers for FY23. It sees scope for continued performance in their 4x4x4 strategy and investments required to boost long-term..Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Investor meet reinforces strong demand visibility

External broker reports(aggregated public sources), ICICI Securities Ltd

ICICI Securities Limited

ICICI Securities Ltd

ICICI Securities Limited provides investment services. The Company provides corporate and investment banking, securities, wealth management, retail brokerage, initial public offerings, and advisory services. 

Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

<ul><li>Mindtree Ltd (Mindtree) is a mid-tier IT company with a presence in the US, Europe &amp; RoW catering to BFSI, communication media &amp; technology, retail &amp; travel</li><li>Expertise in infrastructure &amp; application catering to Global 2000 clients</li><li>We maintain HOLD rating on the stock. We value Mindtree at Rs 5,055 i.e. 40x P/E on FY24E</li></ul><div class="content-highlight"><em>Content is external broker report sourced. from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></div>

Mindtree Ltd (Mindtree) is a mid-tier IT company with a presence in the US, Europe &amp; RoW catering to BFSI, communication media &amp; technology, retail &amp; travelExpertise in infrastructure &amp; application catering to Global 2000 clientsWe maintain HOLD rating on the stock. We value Mindtree at Rs 5,055 i.e. 40x P/E on FY24EContent is external broker report sourced. from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Mindtree Limited: Strong Growth Continues, Valuations Rich

External broker reports(aggregated public sources), Axis Direct

Axis Direct

Axis Direct is the flagship brand under Axis Securities Limited, a subsidiary of Axis Bank in India. 

Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

<ul><li>Mindtree beat our estimates with revenue of Rs 2,750 Cr for Q3FY22, reporting revenue growth of 35.9% YoY and 6.3% QoQ</li><li>The company posted operating profits of Rs 592 Cr, registering a growth of 9.7% QoQ</li><li>We recommend a BUY on the stock and assign 40x P/E multiple to its FY24E earnings of Rs 131.5/share to arrive at a, implying an upside potential of 12% from CMP.</li></ul><div class="content-highlight"><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></div>

Mindtree beat our estimates with revenue of Rs 2,750 Cr for Q3FY22, reporting revenue growth of 35.9% YoY and 6.3% QoQThe company posted operating profits of Rs 592 Cr, registering a growth of 9.7% QoQWe recommend a BUY on the stock and assign 40x P/E multiple to its FY24E earnings of Rs 131.5/share to arrive at a, implying an upside potential of 12% from CMP.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Mindtree: Robust Revenue Growth; Efficient Execution to Aid Margin Expansion

External broker reports(aggregated public sources), HDFC Securities

HDFC Securities

HDFC securities is the best online trading platform for stocks, IPOs, mutual fund in India. 

Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

<ul><li>Mindtree (MTCL) delivered healthy QoQ growth (following a very strong quarter) and margin beat (~100bps expansion) was the highlight of the quarter</li><li>Recovery in T1 business was encouraging and growth was broad-based across verticals, geographies, and service lines</li><li>Our target price of INR 5,060 is based on 37x Mar-24E EPS (25% CAGR over FY21-24E on a high base in FY21 of &gt;70%)</li></ul><div class="content-highlight"><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></div>

Mindtree (MTCL) delivered healthy QoQ growth (following a very strong quarter) and margin beat (~100bps expansion) was the highlight of the quarterRecovery in T1 business was encouraging and growth was broad-based across verticals, geographies, and service linesOur target price of INR 5,060 is based on 37x Mar-24E EPS (25% CAGR over FY21-24E on a high base in FY21 of &gt;70%)Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

<p>We recommend a BUY on the stock and assign 38x P/E multiple to its FY24E earnings of Rs 129.3/share to arrive at a TP of Rs 4880/share, implying an upside potential of 12% from CMP.</p><div class="content-highlight"><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></div>

We recommend a BUY on the stock and assign 38x P/E multiple to its FY24E earnings of Rs 129.3/share to arrive at a TP of Rs 4880/share, implying an upside potential of 12% from CMP.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

India

Mindtree Limited is an international IT company. The Company delivers business and technology solutions through global software development. Mindtree develops applications to help companies enhance their enterprise operations. The Company also delivers product-development services and designs reusable building blocks for high-tech companies.

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Mindtree Ltd (MTCL IN)

Investor meet reinforces strong demand visibility

We attended MTCL's annual investor meet, where the management reiterated its strong demand outlook and detailed the six strategic levers for...

Motilal Oswal

Mindtree Limited: Strong Growth Continues, Valuations Rich

Mindtree Ltd (Mindtree) is a mid-tier IT company with a presence in the US, Europe & RoW catering to BFSI, communication media & technology, retail...

ICICI Securities Limited

Mindtree: Robust Revenue Growth; Efficient Execution to Aid Margin Expansion

We recommend a BUY on the stock and assign 40x P/E multiple to its FY24E earnings of Rs 131.5/share to arrive at a, implying an upside potential of...

Axis Direct

HSIE Results Daily: Mindtree, CESC

Mindtree (MTCL) delivered healthy QoQ growth (following a very strong quarter) and margin beat (~100bps expansion) was the highlight of the quarter

HDFC Securities

Mindtree: Robust Revenue Growth; Efficient Execution to Aid Margin Expansion

We recommend a BUY on the stock and assign 38x P/E multiple to its FY24E earnings of Rs 129.3/share to arrive at a TP of Rs 4880/share, implying an...

Axis Direct

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Investor meet reinforces strong demand visibility

We attended MTCL&#x27;s annual investor meet, where the management reiterated its strong demand outlook and detailed the six strategic levers for...

Motilal Oswal

Mindtree Limited: Strong Growth Continues, Valuations Rich

Mindtree Ltd (Mindtree) is a mid-tier IT company with a presence in the US, Europe & RoW catering to BFSI, communication media & technology, retail...

ICICI Securities Limited

Mindtree: Robust Revenue Growth; Efficient Execution to Aid Margin Expansion

We recommend a BUY on the stock and assign 40x P/E multiple to its FY24E earnings of Rs 131.5/share to arrive at a, implying an upside potential of...

Axis Direct

HSIE Results Daily: Mindtree, CESC

Mindtree (MTCL) delivered healthy QoQ growth (following a very strong quarter) and margin beat (~100bps expansion) was the highlight of the quarter

HDFC Securities

Mindtree: Robust Revenue Growth; Efficient Execution to Aid Margin Expansion

We recommend a BUY on the stock and assign 38x P/E multiple to its FY24E earnings of Rs 129.3/share to arrive at a TP of Rs 4880/share, implying an...

Axis Direct

We attended MTCL's annual investor meet, where the management reiterated its strong demand outlook and detailed the six strategic levers for...