Buy MindTree, target Rs 950: Kunal Bothra
Buy MindTree Ltd. at a price target of Rs 950.0 and a stoploss at Rs 850 from entry point.
MindTree Ltd. key Products/Revenue Segments include Software Development Charges which contributed Rs 5325.00 Crore to Sales Value (100.00 % of Total Sales)for the year ending 31-Mar-2018.
For the quarter ended 30-09-2018, the company has reported a Consolidated sales of Rs 1755.40 Crore, up 7.07 % from last quarter Sales of Rs 1639.50 Crore and up 31.83 % from last year same quarter Sales of Rs 1331.60 Crore Company has reported net profit after tax of Rs 206.30 Crore in latest quarter. The company’s top management includes Mr.Akshaya Bhargava, Mr.Bijou Kurien, Mr.Krishnakumar Natarajan, Mr.Milind Sarwate, Mr.N S Parthasarathy, Mr.Rostow Ravanan, Mr.Subroto Bagchi, Ms.Apurva Purohit. Company has Deloitte Haskins & Sells as its auditoRs As on 30-09-2018, the company has a total of 164,189,371 shares outstanding.