Mitessh Thakkar of mitesshthakkar.com is of the view that one can buy Engineers India, NMDC and Deepak Fertiliser and can sell Godfrey Phillips and Mindtree.
Motilal Oswal is bullish on MindTree has recommended sell rating on the stock with a target price of Rs 450 in its research report dated July 19, 2017
Ashwani Gujral of ashwanigujral.com is of the view that one can buy Hindalco Industries and Federal Bank and can sell Mindtree.
Mindtree has reported disappointing set of Q1 FY18 earnings. Both the revenues and margins have come in lower than expectation. Also the company has lowered its guidance. In an interview to CNBC-TV18, Rostow Ravanan, CEO & MD of Mindtree and Jagannathan Chakravarthi Narasimhan, CFO of Mindtree spoke about the results and their outlook for the company.
The company reported 25 percent increase in the net profit for June quarter at Rs 121.7 crore against Rs 97.2 crore posted during the previous quarter.
Meanwhile, the company posted US dollar revenue at USD 200.1 million against a CNBC-TV18 poll of USD 203.3 million.
According to Shahina Mukadam, Independent Market Expert, one may remain invested in Mindtree.
Sandeep Wagle of powermywealth.com advises exiting Mindtree around Rs 550-570.
According to average of estimates of analysts polled by CNBC-TV18, dollar revenue growth is expected to be 4 percent at USD 203.3 million QoQ.
Ashish Kyal of Waves Strategy Advisors suggests buying BPCL with a target of Rs 690 and Mindtree with a target of Rs 570.
Sudarshan Sukhani of s2analytics.com suggests buying NBCC, Mindtree and Godrej Industries.
Manoj Murlidharan, VP-Derivatives at Religare Securities suggests buying Mindtree 550 Call and State Bank of India 280 Call.
According to Sudarshan Sukhani of s2analytics.com, one can sell Hindalco Industries and Arvind and can buy Britannia Industries and Mindtree.
Prakash Gaba of prakashgaba.com is of the view that crucial support for the Nifty is at 9520-9466 and the resistance is at 9620-9700-9724 and has Mindtree and Sun Pharma as bullish plays while he has Tech Mahindra and UPL as bearish plays.
Ruchit Jain of Angel Broking advises buying Century Textiles with a target of Rs 1160.
According to Mitessh Thakkar of miteshthacker.com, one can buy Mindtree and sell Power Finance Corporation.
A meeting of the board of directors of the company will be held on June 28, to consider the proposal to buyback the fully paid-up equity shares of the company.
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In an interview to CNBC-TV18, Rostow Ravanan, MD & CEO of Mindtree gave a sense of if FY18 will be better than FY17.
According to Rajat Bose of rajatkbose.com, one can buy Voltas and can sell State Bank of India and Mindtree.
The Nifty is trading in the range of 9580-9700 and we expect the market will trade in a range until index breaks on either side for next move.
Ashwani Gujral of ashwanigujral.com recommends selling Hexaware Technologies, Mindtree and Wipro.
Mitessh Thakkar of miteshthacker.com is of the view that one can sell JSW Steel and can buy Dewan Housing Finance, Mindtree and Uflex.
Ashwani Gujral of ashwanigujral.com recommends buying Future Lifestyle Fashion, Mindtree, Karur Vysya Bank, Indiabulls Housing Finance and HDIL.
Ashwani Gujral of ashwanigujral.com recommends buying GSFC, Mindtree and Mahindra and Mahindra.