Reliance Securities's Stock Idea
Reliance Securities is Bullish on Mindtree Ltd.
Idea Submitted on 18Jan,2018
  • 75 Total Ideas
  • 0 Active Ideas
  • 75 Closed Ideas
  • 0 Friends
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      Buy Mindtree Ltd Idea
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      Idea Status :  Closed
    Target Achieved
    Idea Closed at 730.75(22Jan,18 11:02:am)
     Time Frame
     Start Price
     Target Price
     Stop Loss
     Projected Gain
    102 (16.37% Upside)
     Returns Achieved
    107.75     17.3%
    On the back of improved operational metrics with a positive growth outlook for FY19E, and introducing FY20E earnings, we upgrade our recommendation on the stock to BUY from REDUCE with a revised Target Price of Rs725 (from Rs480 earlier), implying 18x FY20E EPS. Given improving revenue and profit visibility, we upgrade our target PE multiple for the stock to 18x (15x earlier). View Research Report (Time Period & Stop-loss Auto added)

    Link to Report: READ FULL REPORT

     Stock Price Movement (EOD Basis)
     C.M.P Mindtree Ltd
    Buy Calls: 4 Sell Calls: 4
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