Home Market Buy MindTree, target Rs 1095: Dr CK Narayan

Buy MindTree, target Rs 1095: Dr CK Narayan


Dr CK Narayan of Chart Advise has a buy call on MindTree Ltd. with a target price of Rs 1095.0 . The current market price of MindTree Ltd. is Rs 1077.15 Time period given by analyst is Intra Day when MindTree Ltd. price can reach the defined target. Dr CK Narayan recommended to keep stoploss at Rs 1065. MindTree Ltd., incorporated in 1999, is a largecap company with a market cap of Rs 17667.37 crore.
MindTree Ltd. key Products/Revenue Segments include Software Development Charges which contributed Rs 4752.60 Crore to Sales Value (100.00 % of Total Sales)for the year ending 31-Mar-2017.

For the quarter ended 31-03-2018, the company has reported a Consolidated sales of Rs 1464.00 Crore, up 6.26 % from last quarter Sales of Rs 1377.70 Crore and up 11.07 % from last year same quarter Sales of Rs 1318.10 Crore Company has reported net profit after tax of Rs 182.20 Crore in latest quarter.
The companys 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 30-06-2018, the company has a total of 164,019,626 shares outstanding.

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