Stock Market

Buy Mindtree, target Rs 770: Vikas Jain

   Download Android App    Share in      FullScreen   CheckVideos

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 strong volumes.

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 confirms the uptrend.

Long position can be initiated for the target of Rs 770 with a stop loss of Rs 670.

MindTree Ltd.

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.

Commenting feature is disabled in your country/region.Disclaimer: This recommendation is analyst's own and does not represent those of economictimes.com - ETMarkets.com.

Please consult your financial advisor before taking any position in the stock/s mentioned.




Unlimited Portal Access + Monthly Magazine - 12 issues-Publication from Jan 2021

Buy Our Merchandise (Peace Series)

 

Contribute US to Start Broadcasting


It's Voluntary! Take care of your Family, Friends and People around You First and later think about us. Its Fine if you dont wish to contribute and if you wish to contribute then think about the Homeless first and Feed them. We can survive with your wishes too :-). You can Buy our Merchandise too which are of the finest quality.

Debit/Credit/UPI

UPI/Debit/Credit

Paytm

STRIPE

Details
Category: Stock Market


21