Time period given by analyst is Intra Day when MindTree Ltd. price can reach defined target.
MindTree Ltd., incorporated in the year 1999, is a Mid Cap company (having a market cap of Rs 73383.02 Crore) operating in IT Software sector.
MindTree Ltd. key Products/Revenue Segments include Software Development Charges for the year ending 31-Mar-2021.
Financials
For the quarter ended 30-06-2021, the company reported a Consolidated Total Income of Rs 2363.50 Crore, up 10.02 % from last quarter Total Income of Rs 2148.20 Crore and up 21.24 % from last year same quarter Total Income of Rs 1949.40 Crore. Company reported net profit after tax of Rs 343.40 Crore in latest quarter.
Investment Rationale
Consolidation breakout on daily scale and has been making higher lows from the last eight weeks in a row
Promoter/FII Holdings
Promoters held 61 per cent stake in the company as of Dec 30, 2020, while FIIs held 13.3 per cent, DIIs 10.6 per cent and public and others 15.1 per cent.
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