Pankaj Jain of Sunteck Wealthmax told CNBC-TV18, "Mindtree along with Persistent Systems is doing exceedingly well. The kind of demand we have for this stock is definitely much more than the kind of supply we have. Most of the retail investors, retail public are out of this stock and it is with the HNIs and funds.”
He further added, “This stock has got a long way to go and the kind of outperformance we have seen in IT stocks, this is definitely one of those upcoming star which will do wonders. So, we have a price target of closer to Rs 1950-2000 in next couple of quarters. Not to worry about Rs 20-30 dips, stay with the stock, you will definitely get handsome returns out of this,” he added.
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