ICICI Direct has given Buy recommendation for Mindtree recommended buy rating on the stock with a target price of Rs 4000 in its research rep with a target price of Rs. 4000 in its research report issued on Oct 14, 2022
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.
We maintain our BUY rating on the stock. We value Mindtree at Rs 4000 i.e. 25x P/E on FY25E EPS.