Q4FY21 Company Update - Mindtree Ltd - ICICI Direct

We attended the virtual analyst meet of Mindtree. The company, at the meet, reiterated its plans to register industry leading growth (that we assumed as 17% YoY in FY22E) and 20%+ EBITDA margins. Mindtree has healthy order book growth of 12.3% YoY while annuity type revenues will help deliver healthy FY22E growth. Further, the company highlighted its strategy of focusing on being end to end provider, client mining, expansion in Europe, focus on whitespace opportunities, dedicated hyperscaler vertical and industry partnership & consulting to drive long term growth.

For details, click on the link below: Link to the report

Shares of MINDTREE LTD. was last trading in BSE at Rs.2393.1 as compared to the previous close of Rs. 2358.7. The total number of shares traded during the day was 58070 in over 5533 trades.

The stock hit an intraday high of Rs. 2404.1 and intraday low of 2348.7. The net turnover during the day was Rs. 138260826.

Source : Equity Bulls

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