Friday, 17 April 2015

Technical News on Free Stock Trading Market

MindTree Ltd shares fall 4 pctThe company reported a 31 pct increase in net profit in the Jan-March quarter, but fell short of some analysts' expectations.MindTree reported a weak quarter with muted sequential revenue growth - Kotak Securities.

The stock is expensive even after building in optimistic growth rates - Kotak.Brokerage cuts price target for MindTree to 1,300 rupees from 1,360 rupees with a "reduce" rating.It also reduces FY2016-17 EPS estimates by 5-7 pct due to higher-than-expected pricing pressure and increased investments.

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