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...
315 Views
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...
303 Views
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...
297 Views
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,...
299 Views
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...
147 Views