Buy MindTree, target Rs 828.40: ICICI Direct

ICICI Direct has a buy call on MindTree with a target price of Rs 828.40.

The current market price of MindTree is Rs 815.40.

Time period given by the brokerage firm is 'Intra Day' when MindTree price can reach defined target.

ICICI Direct recommended to keep a stop loss at Rs 804.10.

MindTree, incorporated in the year 1999, is a Large Cap company (having a market cap of Rs 13,350.98 Crore) operating in Information Technology sector.

MindTree key Products/Revenue Segments include Software Development Charges which contributed Rs 4,752.60 Crore to Sales Value (100.00 % of Total Sales)for the year ending 31-Mar-2017.

The company’s top management includes Mr.Akshaya Bhargava, Mr.Krishnakumar Natarajan, Mr.Milind Sarwate, 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 Deloitte Haskins & Sells as its auditors.

As on 31-12-2017, the company has a total of 163,926,311 shares outstanding.