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Buy MindTree, target Rs 504: Manas Jaiswal

ETMarkets.com|
Oct 10, 2017, 01.21 PM IST
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Manas Jaiswal of manasjaiswal.com has a buy call on MindTree with a target price of Rs 504.
The current market price of MindTree is Rs 487.
Time period given by the analyst is intraday when MindTree price can reach defined target.
Manas Jaiswal recommended to keep a stop loss at Rs 480.

MindTree, incorporated in the year 1999, is a Mid Cap company (having a market cap of Rs 8,047.20 Crore) operating in Information Technology sector.
MindTree key Products/Revenue Segments include Software Development Charges which contributed Rs 4,752.60 Crore to Sales Value (100 per cent of Total Sales)for the year ending 31-Mar-2017.
The company's top management includes Mr.Akshaya Bhargava, Mr.Krishnakumar Natarajan, Mr.Milind Sarwate, Mr.N S Parthasarathy, Mr.Rostow Ravanan, Mr.Subroto Bagchi, Mr.V G Siddhartha, Ms.Apurva Purohit, Ms.Manisha Girotra, Prof.Pankaj Chandra.
Company has Deloitte Haskins & Sells as its auditors.
As on 30-06-2017, the company has a total of 168,122,886 shares outstanding.
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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.

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