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Last Updated : Apr 18, 2019 03:07 PM IST | Source:

Buy Mindtree; target of Rs 1100: Anand Rathi

Anand Rathi is bullish on Mindtree has recommended buy rating on the stock with a target price of Rs 1100 in its research report dated April 18, 2019.

Broker Research @moneycontrolcom
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Anand Rathi's research report on Mindtree

Mindtree reported $262m Q4 FY19 revenues (up 4.2% q/q,15.8% y/y), hitting $1bn for FY19, an arduous milestone for many mid-sized ITcompanies. In CC terms, it grew 3.9% q/q. Though the Q4 EBITDA margin slipped to 14.5% (down162bps q/q, 157bps y/y), it clocked 168bp growth for the full year, to15.2%.


Total dividend of `27 a share was declared in Q4, taking total payout for FY19 to 86%. No meaningful change in estimates/target. We retain our Buy call.

For all recommendations report, click here

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First Published on Apr 18, 2019 03:07 pm
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