Buy MindTree, target Rs 905: Kunal Bothra

Independent analyst Kunal Bothra has a buy call on MindTree Ltd. with a target price of Rs 905. The current market price of MindTree Ltd. is Rs 863.45. Time period given by the analyst is Intra Day when MindTree Ltd. price can reach the defined target. Kunal Bothra recommended to keep stoploss at Rs 840. MindTree Ltd., incorporated in 1999, is a midcap company with a market cap of Rs 14176.93 crore. 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.