Stellar performance and outlook, but valuations rich
MTCL delivered another excellent quarter, with a revenue of USD350m (+12.8% QoQ, est. 8.3%), driven by broad based growth across verticals and...
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HSIE Results Daily: Infosys, Wipro, Mindtree
Mindtree: Mindtree (MTCL) delivered an exceptional quarter with double-digit QoQ growth and beat on margins despite wage hikes and supply side...
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Mindtree: Another Robust Year; Strong Outlook
We recommend a BUY rating on the stock and assign a 36x P/E multiple to its FY24E earnings of Rs 128.3/share to arrive at a TP of Rs 4600/share,...
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Mindtree: Healthy Revenue Growth, Efficient Execution to Aid Margin Expansion
We recommend a BUY on the stock and assign 27x P/E multiple to its FY23E earnings of Rs 105.1/share to arrive at a TP of Rs 2,800/share, implying...
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Mindtree Limited: Robust Revenue Growth
Mindtree Ltd (Mindtree) is a mid-tier IT company with a presence in US, Europe & RoW catering to BFSI, Communication Media & Technology, Retail &...
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