INSUBCONTINENT EXCLUSIVE:
ETMarkets.com|Updated: Sep 28, 2019, 10.51 AM ISTVikas Jain of Reliance Securities has buy call on MindTree Ltd
with a target price of Rs 770
The current market price of MindTree is Rs 708.40
Time period given by analyst is Long Term when MindTree price can reach defined target
Vikas Jain recommended to keep stoploss at Rs 670
Mindtree, incorporated in the year 1999, is a Mid Cap company (having a market cap of Rs 11658.25 Crore) operating in IT Software sector
The analyst said the stock has being trading in a range of 670-700 levels over the past 6 weeks and has witnessed an upward breakout with
Higher bottoms on weekly charts and strong support near to its 200 week average will hold the stock and crossover of its 20 day average
Long position can be initiated for the target of Rs 770 with a stop loss of Rs 670
key Products/Revenue Segments include Software Development Charges which contributed Rs 7021.50 Crore to Sales Value (100.00 % of Total
Sales)for the year ending 31-Mar-2019
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