After 150% rally, Q3 results opened up further upside for this midcap IT firm SECTIONS Share Synopsis But following a sharp 150 per cent rally in the stock over the past 10 months, analysts have mixed views on Mindtree's potential for further upside. PTI Mindtree expects deal wins to improve in the coming quarters as the pipeline remains strong, analysts said. INSIGHTS NSE Explore Now NEW DELHI: This midcap IT firm has reported industry-beating numbers for the December quarter, earning a healthy earning upgrade. The company’s margin for the quarter stood at a decadal high, as was sequential revenue growth. The management commentary, too, was strong.