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Why Mindtree stands out in the mid-cap IT universe

Our view is a broad market correction could impact the stock and we therefore recommend a gradual accumulation taking advantage of every market decline.

April 27, 2020 / 02:00 PM IST
Why Mindtree stands out in the mid-cap IT universe

(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 - The March quarter saw decent revenue and strong margin traction - Record deal flows - Key client significant contributor to improvement - Expects soft Q1 on weak revenue and margin, exposure to travel & hospitality a drag - Delayed ramp up of deals possible - Digital expected to get a boost in future - Accumulate gradually on market correction It was a comeback quarter for Mindtree (CMP: Rs 780, Market Cap: Rs 12,869 crore) with clear indications that the company has put behind it the uncertain...

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