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    Are all the virtues of Mindtree’s business model captured in the price?

    We are optimistic about Mindtree’s positioning and long-term prospect and would be watchful about adding the stock in correction

    Madhuchanda Dey
    October 16, 2020 / 01:44 PM IST
    Are all the virtues of Mindtree’s business model captured in the price?

    (Representative Image)

    PRO Only Highlights
    -      Quarterly performance largely backed by improved realisations
    -      Medium-term triggers China plus and protectionist measures for tyre industry
    -      Valuations not inexpensive; but improved medium-term outlook

    Highlights - Quarter saw recovery in revenue - Margin gains on operational efficiency - Order win momentum tad weak, although outlook encouraging - Top account as well as top 10 accounts de-grow sequentially - Digital expected to get a boost in future – company well placed - Valuation captures the revival in performance, wait for softness to add for long term Mindtree (CMP: Rs 1427, Market Cap: Rs 23,512 crore) had crossed multiple humps in recent times. First, the uncertainty pertaining to the change in management and, more...

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