Buy Mindtree, price target Rs 955: Kunal Bothra

Independent Analyst Kunal Bothra has a buy call on MindTree Ltd. with a target price of Rs 955. The current price of MindTree Ltd. is Rs 906.8 Time period given by the analyst is Intra Day when MindTree Ltd. price can reach defined target. Kunal Bothra recommended to keep a stoploss at Rs 880 .

MindTree Ltd., incorporated in the year 1999, is a Mid Cap company (having a market cap of Rs 14849.29 Crore) operating in IT Software sector.

MindTree Ltd. key Products/Revenue Segments include Software Development Charges which contributed Rs 7021.50 Crore to Sales Value (100.00 % of Total Sales)for the year ending 31-Mar-2019.


For the quarter ended 31-12-2019, the company has reported a Consolidated sales of Rs 1965.30 Crore, up 2.66 % from last quarter Sales of Rs 1914.30 Crore and up 9.97 % from last year same quarter Sales of Rs 1787.20 Crore Company has reported net profit after tax of Rs 197.00 Crore in latest quarter.

The company’s top management includes Mr. Sekharipuram Narayanan Subrahmanyan, Non-Executive Vice Chairman
Mr. Debashis Chatterjee, Chief Executive Officer and Managing Director Mr. Paneesh Rao, Chief People Officer.