Mindtree share price: Add Mindtree, target price Rs 5040: HDFC Securities



HDFC Securities added a call with a target price of Rs 5,040. The current market price of Mindtree Ltd. is Rs 4585.1. The period given by the analyst is one year when the price of Mindtree Ltd. can achieve the defined goal.

Mindtree Ltd., incorporated in 1999, is a mid-cap company (with market capitalization of Rs 77232.06 Crore) operating in the Computer Software industry.

The main product / revenue segments of MindTree Ltd. include software development costs for the year ending March 31, 2021.

Finance

For the quarter ended 30-09-2021, the company reported consolidated total income of Rs 2,661.00 crore, up 12.59% from last quarter total income of Rs 2,363.50 crore and up by 36.43% compared to the total income for the same quarter of last year of Rs 1950.50 crore. The company reported after-tax net profit of Rs 398.90 crore last quarter.

Promoter / FII Holdings
Promoters held 61.02 percent of the company’s capital as of June 30, 2021, while FIIs held 13.66 percent and DIIs 11.98 percent.

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