Amazon Great Indian Festival 2020 - Electronics
Mutual Funds Commodities Research Tax Planning IPO Our Team Contact Us  
Google
Web www.equitybulls.com
Amazon Great Indian Festival 2020 - Electronics
Research

| More

MindTree Ltd - Q2FY21 Result Update - ICICI Securities

Posted On: 2020-10-16 00:26:46


MindTree reported 3.1% QoQ growth in dollar revenues, mainly led by higher growth in BFSI and retail and CPG & manufacturing. Further, cost efficiency and higher utilisation led margins to improve 340 bps QoQ to 20.3%. The board has recommended a dividend of Rs. 7.5 per share.

Valuation & Outlook

We believe the company's expertise in digital technology will make it a key beneficiary of improved traction in cloud in the coming years. In addition, vendor consolidation opportunities, improving win ratio, increase in annuity business will provide long term visibility to revenues. MindTree's aim to improve margins via employee pyramid, offshoring, pricing, utilisation and annuity business bodes well for profit growth. Based on these factors, we revise our EPS and multiple upwards and maintain BUY with a revised target price of Rs. 1680/share (22x FY23E EPS).

For details, click on the link below: https://www.icicidirect.com/mailimages/IDirect_MindTree_Q2FY21.pdf

Shares of MINDTREE LTD. was last trading in BSE at Rs.1427.55 as compared to the previous close of Rs. 1553.5. The total number of shares traded during the day was 220801 in over 16197 trades.

The stock hit an intraday high of Rs. 1584 and intraday low of 1404.3. The net turnover during the day was Rs. 327642397.


Source: Equity Bulls

Click here to send ur comments or to feedback@equitybulls.com

Amazon Great Indian Festival 2020 - Mobiles


Disclaimer:The article above is a gist / extract of the original report prepared by the research firm / brokerage firm. This article is not to be considered as an offer to sell or a solicitation to buy any securities. This article is meant for general information only. www.equitybulls.com, its employees or owners or the research firms, its employees or owners won't be responsible for any liability that may arise from information, errors or omissions in these articles. www.equitybulls.com or its employees or owners / the research firms or its employees or clients or owners may from time to time hold positions in securities referred in this article. For detailed research reports, please contact the concerned research firm directly.





Other Headlines:

Havells India - Q2FY21 Result Update - ICICI Securities

Vardhman Textiles - Q2FY21 Company Update - ICICI Securities

Saregama India - Q2FY21 Company Update - ICICI Securities

Zensar Technologies - Q2FY21 Company Update - ICICI Securities

PI Industries - Q2FY21 Result Update - ICICI Securities

Derivatives Strategy - Positional Future - ICICI Securities

Grindwell Norton - Q2FY21 First Cut - ICICI Securities

Laurus Labs - Q2FY21 Result Update - ICICI Securities

Indian Oil Corporation - Q2FY21 First Cut - ICICI Securities

Mahindra Logistics - Q2FY21 First Cut - ICICI Securities

IndusInd Bank - Q2FY21 First Cut - ICICI Securities

ADD on Navin Fluorine International - EBITDA margin surprises positively! - HDFC Securities

Reiterate BUY on Larsen & Toubro - Marginal miss, bracing for recovery - HDFC Securities

US FDA tentative approval for Dapagliflozin - Zydus Cadila - Angel Broking

Maintain ADD on Radico Khaitan - Outperformance continues - HDFC Securities

Maintain REDUCE on V-Guard Industries - Muted performance continues - HDFC Securities

Cholamandalam Investment & Finance (CIFC) - Strong Set of numbers for Q2FY21 - Angel Broking

Maintain BUY on Maruti Suzuki - Festive cheer! - HDFC Securities

Can Fin Homes - Q2FY21 Result - Angel Broking

Maintain BUY on Hero Motocorp - Outperformance continues - HDFC Securities

Maintain ADD on Havells - Sharp margin recovery; Lloyd back on track - HDFC Securities

Maintain ADD on AU Small Finance Bank - Promising trends persist - HDFC Securities

Blue Star - Still not out of the woods - ICICI Securities

Larsen & Toubro - Treading cautiously - ICICI Securities

Blue Dart Express - Gross margins surprise - ICICI Securities

Gateway Distriparks - Multiple triggers at play - ICICI Securities

Piramal Enterprises - Consolidating wholesale mortgage; going LIVE with multi-asset retail lending - ICICI Securities

InterGlobe Aviation - Play on Covid recovery - ICICI Securities

Vodafone Idea Ltd - With AGR case behind, can VIL bounce back? - ICICI Securities

Power - Discom liquidity infusion scheme gains traction - ICICI Securities

Orient Cement - Higher prices, lower costs drive outperformance - ICICI Securities

Maruti Suzuki India - Quarter falls short of high expectations - ICICI Securities

PNB Housing Finance - Stress a cause of concern; business transformation a source of comfort - ICICI Securities

Gas sector - CGD draft regulations appear to favour new entrants - ICICI Securities

AU Small Finance Bank - Improving visibility on growth; progress on liability franchise gives comfort - ICICI Securities

Thyrocare Technologies - Pricing in the growth uptick - ICICI Securities

Strides Pharma Science - Steady quarter; growth to pick up - ICICI Securities

Hero MotoCorp - All eyes on the second half of festive season - ICICI Securities

Navin Fluorine International - Cashing-in new opportunities still far way - ICICI Securities

JM Financial - Measured growth, low risk tolerance to aid navigate the cycle well - ICICI Securities

Lemon Tree Hotels - Resilience amid turbulence - ICICI Securities

Larsen & Toubro Ltd - Q2FY21 Result Update - YES Securities

UTI AMC - Q2FY21 Result Update - YES Securities

VGuard Industries Ltd - Q2FY21 Result Update - YES Securities

Tata Coffee Ltd - Q2FY21 Result Update - YES Securities

AU Small Finance Bank Limited - Q2FY21 Result Update - YES Securities

Radico Khaitan Ltd - Q2FY21 Result Update - YES Securities

Can Fin Homes Limited - Q2FY21 Result Update - YES Securities

Reiterate ADD on Amara Raja Batteries - Pent-up demand leads to healthy 2Q - HDFC Securities

Maintain REDUCE on Titan - Reasonable print - HDFC Securities







Website Created & Maintained by : Chennai Scripts
West Mambalam, Chennai - 600 033,
Tamil Nadu, India

disclaimer copyright © 2005 - 2019