Hold Mindtree, target price Rs 4090: ICICI Direct

ICICI Direct has hold call on Mindtree with a target price of Rs 4090. The current market price of Mindtree is Rs 3683.7. Time period given by analyst is one year when Mindtree Ltd. price can reach defined target.

Mindtree Ltd., incorporated in the year 1999, is a Mid Cap company (having a market cap of Rs 60651.41 Crore) operating in IT Software sector.

Mindtree Ltd. key Products/Revenue Segments include Software Development Charges for the year ending 31-Mar-2021.


Financials
For the quarter ended 31-03-2022, the company reported a Consolidated Total Income of Rs 2987.30 Crore, up 5.90 % from last quarter Total Income of Rs 2820.80 Crore and up 39.06 % from last year same quarter Total Income of Rs 2148.20 Crore. Company reported net profit after tax of Rs 473.10 Crore in latest quarter.


Promoter/FII Holdings
Promoters held 60.99 per cent stake in the company as of 31-Mar-2022, while FIIs owned 14.4 per cent, DIIs 10.47 per cent.