Profit

BSE Code: | NSE Code: | ISIN: | Sector:

NSE
1056.60
Change Change %
-30.25 -2.78%

Updated:26 Sep, 2018, 13:39 PM IST

BSE
1060.20
Change Change %
-23.55 -2.17%

Updated:26 Sep, 2018, 13:41 PM IST

Research Report Detail

Brokerage
Analyst
Report Date Call Price@Call Target Price
Stop Loss
Current Status Time Horizon
Religare
N/A
06-09-2016 Sell 509.95 425.00
N/A
Target Hit Long (1Y)
06-09-2017

Religare maintains sell on Mindtree

Religare has maintained "sell" rating on Mindtree with a target priced of Rs 425 compared to Rs 540 earlier. The company has issued a profit warning for Q2 of current fiscal, forecasting a revenue decline and lower margins compared to Q1. Growth challenges and margin pressures are becoming more evident for the company. We cut our target multiple to 12x (from 14x) to arrive at a March 2017 target price of Rs 425.

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