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Weekly Tactical Pick | Mindtree

Mindtree's all verticals on growth path; valuation at a discount to peers

February 26, 2021 / 10:03 AM IST
Weekly Tactical Pick | Mindtree

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

In this week’s tactical pick, we are suggesting Mindtree (CMP: Rs 1604, Market Cap: Rs26,425 crore). The stock has underperformed, down 3.6 per cent in the past one month against a 5.7 per cent rally in the Nifty, despite coming out with decent Q3FY21 numbers. Although revenue continued to contract year on year (YoY), the quarterly revenue performance was good with a sequential revenue growth of 5 per cent in reported currency at $274.1 million, the highest Q3 revenue growth...

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