Sell Mindtree, Ltd. target Rs 640: Sagar Doshi

Sagar Doshi of Edelweiss Financial Services has sell call on MindTree Ltd. with a target price of Rs 640. The current market price of MindTree Ltd. is Rs 681.0 Time period given by the analyst is Intra Day when MindTree Ltd. price can reach the defined target. Sagar Doshi recommended to keep stoploss at Rs 710. MindTree Ltd., incorporated in 1999, has a market cap of Rs 11207.32 crore.

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 30-06-2019, the company has reported a Consolidated sales of Rs 1834.20 Crore, down -.28 % from last quarter Sales of Rs 1839.40 Crore and up 11.88 % from last year same quarter Sales of Rs 1639.50 Crore Company has reported net profit after tax of Rs 92.70 Crore in latest quarter. The company’s top management includes Mr.Akshaya Bhargava, Mr.Anilkumar Manibhai Naik, 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 30-06-2019, the company has a total of 164,455,516 shares outstanding.