Sandeep Wagle of powermywealth.com is of the view that one can sell DCB Bank and buy Mindtree.
The market breadth was in favour of the advances on Thursday morning with 1158 stocks advancing as against 445 declines while 405 remained unchanged. On the other hand, 1531 stocks advanced and 664 stocks declined while 81 remained unchanged on the BSE.
The midcap IT services company reported revenue of Rs 13,777 million, a growth of 3.5 percent sequentially. Net profit was Rs 1,415 million
Ashwani Gujral of ashwanigujral.com recommends buying Jubilant Life Sciences, Mindtree and IDFC Bank.
For the entire senior management team, this is a big priority – attacking inefficiencies, changing billing rates etc and getting margins back on track, said Rostow Ravanan, MD & CEO, Mindtree.
CNBC-TV18's Rukmini Rao caught up with Rostow Ravanan, CEO & MD and Jagannathan Chakravarthi Narasimhan, CFO of Mindtree and asked them how the deal pipeline is looking for the next quarter and where the next leg of growth is coming from for the second half.
The midcap Index which was again the outperformer, up 1.29 percent led by Jain Irrigation Systems and Jaiprakash Associates while Bajaj Auto, ICICI Lombard General Insurance Company, MphasiS and Vedanta were some of few stocks that hit 52-week high on the NSE.
Gaurav Bissa of LKP Securities recommends buying Mindtree, Cummins India and Havells India.
Mitessh Thakkar of mitesshthakkar.com is of the view that one can buy GAIL India, Hindustan Zinc and Mindtree and can sell Pidilite Industries and Strides Shasun.
Acccording to Technical Analyst Prakash Gaba of prakashgaba.com, the session is expected to be volatile and the target zone still is 9946. The crucial support for Nifty is at 9788 and the resistance is at 9946. Bank Nifty on the other hand has support at 24000 and resistance at 24312.
VK Sharma, Head - PCG and Capital Market Strategy at HDFC Securities recommends buying Tata Communications, Dr Reddy's Laboratories, Mindtree and Cummins India.
Sudarshan Sukhani of s2analytics.com is of the view that one can buy Torrent Power, V-Guard Industries and Tata Global Beverage and sell Repco Home Finance and Mindtree.
While most Indian IT service players will go through a process of unlearning and re-learning, we expect few to survive. We present our take on who to ride with in tumultuous times.
Mindtree is in focus on the back of the recent rupee appreciation. In an interview to CNBC-TV18, Rostow Ravanan, MD & CEO of Mindtree spoke about the latest happenings in his company and sector.
ICICI Direct recommended hold rating on MindTree with a target price of Rs 470 in its research report dated August 22, 2017.
Sudarshan Sukhani of s2analytics.com recommends buying Britannia Industries and Bharat Forge and suggests selling Mindtree and hold MRF.
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.