ET Bureau
“The expectation was that Mindtree’s revenue in dollar terms would be about 4-5% but it has reported 7.7% growth. Wipro also moved up along with midcaps; the hope in the market is that others may also outperform like Mindtree,” said Neerav Dalal, research analyst at Maybank Kim Eng Securities.
“Infosys will move up but the midcaps have already moved up; so they are likely to cool off. Any dip in midcap IT stocks, Infosys and Wipro will be bought into. I would want to wait and see whether others also show the same outperformance,” said Dalal.
Brokerages have a mixed view on Mindtree even as the company reported a robust set of earnings for the quarter ended June.
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