Limited upside potential in Mindtree after Q2 results, says Motilal Oswal

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

Mindtree beats estimates in Q1. Should you bet on this beaten-down IT stock?

Mindtree beats estimates in Q1. Should you bet on this beaten-down IT stock?

NEW DELHI: A sixth straight quarter of over 5 per cent revenue growth in constant currency (CC) terms, a record high order book and solid margins that defied industry-wide cost inflation could not push shares higher in Thursday’s trade. Brokerages gave thumbs up to the company earnings, but they were mixed on the stock prospects, … Read more

Big Movers on D-St: What should investors do with MindTree, DRL and KEC International?

Big Movers on D-St: What should investors do with MindTree, DRL and KEC International?

The Indian market closed in the red for the third consecutive day on Wednesday. The S&P BSE Sensex fell by nearly 400 points while the Nifty50 closed below 16,000 levels. Sectorally, buying was seen in healthcare, FMCG, metals, and the public sector, while selling was seen in power, utilities, oil & gas, and energy stocks. … Read more

Mindtree Q2 results: Net profit up 57.2% to Rs 399 crore

photo

PUNE: Mid-size IT services firm reported a net profit of Rs 398.9 crore for the quarter ended September 30, 2021, up 57.2 per cent. The company’s revenue was up 34.3 per cent to Rs 2586.2 crore. In dollar terms, net profit was up 57.3 per cent at $54 million and revenues were up 34.1 per … Read more