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Ideas for Profit | Mindtree – Stability returns, outlook positive

We see the strategy gradually bearing fruit and would recommend accumulation on any weakness.

January 17, 2020 / 02:26 PM IST
Ideas for Profit | Mindtree – Stability returns, outlook positive

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Highlights - Top client grows strongly - Dependence on top client up - Sharp improvement in margin - Deal win weak, but outlook strong - Business model to focus on annuity type projects - Buy on decline for long term Mindtree’s (CMP:Rs 891) Q3FY20 performance should put to rest niggling worries whether its operations have stabilised under the new owner Larsen & Toubro. The results were encouraging with strong traction in key clients, healthy expansion in margin and positive commentary on the deal pipeline. However, its...

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