Buy Mindtree; target of Rs 4000: ICICI Direct

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ICICI Direct's research report on Mindtree

Mindtree Ltd (Mindtree) is a mid-tier IT company with a presence in the US, Europe & RoW catering to BFSI, communication media & technology, retail & travel. Expertise in infrastructure & application catering to Global 2000 clients • Dividend leading margins (>20%) compared to mid-tier IT companies.

Outlook

We maintain our BUY rating on the stock. We value Mindtree at Rs 4000 i.e. 25x P/E on FY25E EPS.

For all recommendations report, click here

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Mindtree - 171022 - icici