Profit

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

NSE
702.20
Change Change %
2.40 0.34%

Updated:19 Aug, 2019, 15:59 PM IST

BSE
702.20
Change Change %
2.15 0.31%

Updated:19 Aug, 2019, 16:01 PM IST

Research Report Detail

Brokerage
Analyst
Report Date Call Price@Call Target Price
Stop Loss
Current Status Time Horizon
Nirmal Bang
N/A
18-07-2019 Sell 691.30 531.00
N/A
Open Medium (6M)
18-08-2019

Nirmal Bang Recommends 'Sell' On Mindtree

Nirmal Bang has reiterated its view that L&T overpaid for the Mindtree acquisition, and that its concerns on Mindtree keep playing out from time to time. The margin dips hint at the company's inability to pull operating levers to manage margins, a low bargaining power vis-a-vis talent in a constrained market, and inadequate automation skills, the brokerage adds.

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