Buy MindTree, target Rs 950: Kunal Bothra

INSUBCONTINENT EXCLUSIVE:
Independent analyst Kunal Bothra has a buy call on MindTree Ltd
with a target price of Rs 950
The current market price of MindTree Ltd
is Rs 876.25
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 850
MindTree Ltd., incorporated in 1999, is a midcap company with a market cap of Rs 14387.09 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
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.