Sell Mindtree, target price Rs 1580: Emkay Global

Sell Mindtree, target price Rs 1580:  Emkay Global

Emkay Global has sell call on Mindtree with a target price of Rs 1580. The current market price of MindTree Ltd. is Rs 1707.8.

MindTree Ltd., incorporated in the year 1999, is a Mid Cap company (having a market cap of Rs 27401.96 Crore) operating in IT Software sector.

For the quarter ended 31-12-2020, the company reported a Consolidated sales of Rs 2023.70 Crore, up 5.07 % from last quarter Sales of Rs 1926.00 Crore and up 2.97 % from last year same quarter Sales of Rs 1965.30 Crore Company reported net profit after tax of Rs 326.50 Crore in latest quarter.

Promoter/FII Holdings
Promoters held 61 per cent stake in the company as of Dec 30, 2020, while FIIs held 13.3 per cent, DIIs 10.6 per cent and public and others 15.1 per cent.

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