Buy MindTree, target Rs 550.0 : Kunal Bothra

Independent analyst Kunal Bothra has a buy call on MindTree with a target price of Rs 550.0 .The current market price of MindTree Ltd. is 510.1 Time period given by analyst is Intra Day when MindTree Ltd. price can reach defined target. Kunal Bothra maintains stop loss at Rs 490.0 .

MindTree Ltd., incorporated in the year 1999, is a midcap company (having a market cap of ₹ 8502.09 crore) operating in Information Technology sector.

MindTree Ltd. key Products/Revenue Segments include Software Development Charges which contributed ₹ 4356.50 Cr to Sales Value (100.00 % of Total Sales)for the year ending 31-Mar-2016.

For the quarter ended 31-03-2017, the company has reported a Consolidated sales of ₹ 1318.10 Cr., up 1.76% from last quarter Sales of ₹ 1295.30 Cr. and down -.46% from last year same quarter Sales of ₹ 1324.20 Cr. Company has reported net profit after tax of ₹ 97.20 Cr. in latest quarter. The company’s CEO is Mr.Rostow Ravanan. It's Board of Directors include Ms.Vedavalli Sridharan, Mr.Jagannathan Chakravarthi, Mr.N S Parthasarathy, Ms.Vedavalli Sridharan, Mr.Akshaya Bhargava, Mr.Krishnakumar Natarajan, Mr.N S Parthasarathy, Mr.Rostow Ravanan, Mr.Subroto Bagchi, Mr.V G Siddhartha, Ms.Apurva Purohit, Ms.Manisha Girotra, Prof.Pankaj Chandra. Company has its registered office at Global Village,, RVCE Post, , Mysore Road, Bangalore, 560059, Karnataka. Company has Deloitte Haskins & Sells as its auditors. As on 31-03-2017, the company has a total of 168,025,546 shares outstanding.