INSUBCONTINENT EXCLUSIVE:
ETMarkets.com|Updated: Jul 23, 2018, 03.02 PM ISTMotilal Oswal has a buy call on MindTree Ltd
with a target price of Rs 1225.0
The current market price of MindTree Ltd
is Rs 955.5 Time period given by the brokerage is a year when MindTree Ltd
price can reach defined target
MindTree Ltd., incorporated in 1999, is a largecap company with a market cap of Rs 16023.08 crore.
Investment rationale by Motilal OswalWe
expect MTCL to grow its USD revenue/EPS at a CAGR of 17/37% over FY18-20
The stock trades at 23/17x FY19/20E EPS on our revised earnings
As a result, we have increased our price target to INR1,225, which discounts forward earnings by 19x
Peers such as MPHL, HEXW and LTI continue trading in the range of 17-21x FY20E earnings
Maintain Buy.
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