Sep 08, 2022 08:22 AM IST

Mindtree planning to set up development centre in Kolkata: CEO

The IT services firm has already onboarded 1,700 people in its existing facility in the West Bengal capital so far, he said.

Corporate Crossings | Former LTI CMO Peeyush Dubey appointed TheMathCompany's Chief Marketing & Strategy Officer

Dubey joins the company from Larsen & Toubro Infotech (LTI), where he served as the EVP and Chief Marketing Officer for the past seven years.

Trade Spotlight | What should you do with IFB Industries, Metro Brands, Mindtree on Friday?

Technically, on daily charts, Mindtree has formed higher bottom formation which is broadly positive for the near term. It also formed promising bullish candle on monthly charts, that also indicating continuation of uptrend in the near future.

Corporate crossings | ChrysCapital ropes in former L&T Infotech boss Sanjay Jalona as operating partner

Sanjay Jalona will be based out of the US and will be closely working with the advisory team led by Akshat Babbar in sourcing, identifying, evaluation, management and exit related activities

Midcaps or largecaps? Where should you invest in IT now that the report cards are in

Most largecap IT stocks, which have come out with their June quarter numbers, have lagged their midcap peers in terms of growth

Metaverse is no longer an experiment, we have started seeing prospective projects: LTI management

While short-term prospects of the company for the next two quarters look positive, the management remained cautious of the demand cycle in the quarters beyond calendar year 2022.

Clients will relook 2023 tech budgets, we remain cautious: LTI Management

LTI witnessed a net new deal TCV of $79 million in Q1FY23, which remains flat as in Q4FY22, where the company reported $80 million worth of new deal TCV.

Moneycontrol Selects: Top stories this evening

Our specially curated package of the most interesting articles to help you stay at the top of your game.

Accumulate Mindtree; target of Rs 3143: KR Choksey

KR Choksey recommended accumulate rating on Mindtree with a target price of Rs 3143 in its research report dated July 14, 2022.

Can compete with any company, big or small, says Mindtree CEO Debashis Chatterjee

“There’s a steering committee that is working in such a way that it doesn’t distract either organisation (Mindtree and L&T Infotech)… That’s why you still see that Mindtree has been growing. We haven’t lost sight of the big picture. We’re focussing on profitable growth,” he said.

Neutral Mindtree; target of Rs 3020: Motilal Oswal

Motilal Oswal recommended Neutral rating on Mindtree with a target price of Rs 3020 in its research report dated July 13, 2022.

Buy Mindtree; target of Rs 3400: Emkay Global Financial

Emkay Global Financial is bullish on Mindtree has recommended buy rating on the stock with a target price of Rs 3400 in its research report dated July 14, 2022.

Accumulate Mindtree; target of Rs 3131: Prabhudas Lilladher

Prabhudas Lilladher recommended accumulate rating on Mindtree with a target price of Rs 3131 in its research report dated July 14, 2022.

Accumulate MindTree; target of Rs 3461: Arihant Capital

Arihant Capital recommended accumulate rating on MindTree with a target price of Rs 3461 in its research report dated July 14, 2022.

Mindtree shares down 2% after Q1 results. Should you buy, sell or hold the stock?

Revenue from operations came in at Rs 3,121.1 crore, up 36.2 percent YoY from Rs 2,291.7 crore. Sequentially, it rose 7.7 percent from Rs 2,897,4 crore.

Mindtree Consolidated June 2022 Net Sales at Rs 3,121.10 crore, up 36.19% Y-o-Y

Mindtree Standalone June 2022 Net Sales at Rs 3,121.10 crore, up 36.19% Y-o-Y

Mindtree Q1 results | Order book remains strong; cautiously optimistic, says CEO

The company’s net headcount went up by 2,384 from last quarter, with attrition coming in at 24.5 percent.

Mindtree Q1 results | Net profit jumps 37% to Rs 472 crore

Revenue from operations came in at Rs 3,121.1 crore, up 36.2 percent YoY from Rs 2,291.7 crore. Sequentially, it rose 7.7 percent from Rs 2,897,4 crore.

SEBI penalises four individuals for violations in Mindtree share trade

The regulator levied a fine of Rs 1 lakh each on Chirag Malhotra, Meenakumari M, BG Dhananjaya and Nikhil Jain, according to four separate orders.

L&T Infotech-Mindtree merger likely by December: Official

The two subsidiaries of Larsen & Toubro had last month announced a mega-merger to create an efficient and scaled-up IT services provider, exceeding USD 3.5 billion in combined revenue.

L&T Infotech CEO and MD Sanjay Jalona relinquishes office

Jalona had resigned on May 6 after announcing the merger of Mindtree with Larsen and Toubro Infotech (LTI), citing personal reasons.

LTIMindtree may not be the answer to L&T’s 10-year search for scale in IT

Post the merger, LTIMindtree will have aggregate revenues of around $3.5 billion, well short of Tech Mahindra’s $5.1 billion, and way out of the league of the big boys like TCS, Infosys, HCL and Wipro, among the home-grown IT majors 

LTI-Mindtree merger| Too early to say 1+1>2, high risk of attrition: Nomura

Cost synergies could be minimal; financial incentives to retain talent could weigh on margins

LTI-Mindtree merger: A complementary match

Post-merger, LTIMindtree will be the sixth-largest Indian IT company