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 79722.03 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 30-09-2021, the company reported a Consolidated Total Income of Rs 2661.00 Crore, up 12.59 % from last quarter Total Income of Rs 2363.50 Crore and up 36.43 % from last year same quarter Total Income of Rs 1950.50 Crore. Company reported net profit after tax of Rs 398.90 Crore in latest quarter.
Investment Rationale
The stock has turned south and is on the verge of a breakdown from a trendline support, suggesting weakness building up. Further, RSI has turned down from below the 70 level after making a negative divergence conforming weakness.
Promoter/FII Holdings
Promoters held 61.02 per cent stake in the company as of 30-Jun-2021, while FIIs owned 13.66 per cent, DIIs 11.98 per cent.
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