Daily BriefsIndia

India: Mindtree Ltd and more

In today’s briefing:

  • Mindtree: Robust Multi-Pronged Strategy To Capitalize On Healthy Demand

Mindtree: Robust Multi-Pronged Strategy To Capitalize On Healthy Demand

By Axis Direct

  • Mindtree has a focused strategy to capitalize on the demand scenario. The company intends to focus on five verticals
  • The management also has a strong focus on developing expertise in four service lines including Customer Success, Data Intelligence, Cloud, and Enterprises IT
  • We recommend a BUY on the stock and assign 38x P/E multiple to its FY24E earnings of Rs 140.2/share to arrive at a TP of Rs 5,310/share, implying an upside potential of 39% from the CMP
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