Limited upside potential in Mindtree after Q2 results, says Motilal Oswal
Stating that all key positives in Mindtree have been factored in, brokerage firm Motilal Oswal sees limited upside potential in the IT stock. Motilal Oswal maintained its ‘neutral’ rating on due to its fair valuations (based on 22x FY24E P/E), softness in retail and constraints on management bandwidth because of its impending merger with L&T … Read more