Mindtree - Geared for sustainable growth - Kotak

Our recent meetings with the Mindtree management reinforce our confidence in Mindtree's ability to deliver sustainable revenue growth, driven by steady growth in IT services and improvement in engineering services. Focus on deeper engagements in key accounts, prioritized investment strategy and solid execution will help Mindtree to deliver revenue and earnings growth ahead of its peers in the medium term. Mindtree is our top pick among mid-tier IT companies. We maintain our ADD rating on the stock with an end-FY2015 target price of Rs. 1,150.

Source : Equity Bulls

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