BSE Code: | NSE Code: | ISIN: | Sector:
Research Report Detail
|Report Date||Call||Price@Call||Target Price
|Current Status||Time Horizon|
|Closed|| Medium (6M)
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.