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Is Mindtree set to regain lost glory?

We expect Mindtree’s current valuation discount to peers to narrow as it reverts to its trajectory of industry-leading growth

January 20, 2021 / 05:20 PM IST
Is Mindtree set to regain lost glory?

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

Mindtree (CMP: Rs 1663, Market Cap: Rs 27,401 crore) has reported a very good quarter after the slight disappointment in Q2 that was driven by the performance of its top account. Despite the recent recovery, the stock had underperformed vis a vis the Nifty and the IT Indices in the past three months. It is now trading at a tad discount to its mid-cap peers despite its early leadership in digital space. Can it recover the lost ground? (image) Source:...

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