LTIMindtree - Fast Growing, Diversified, And With Better Margin Defence: Anand Rathi

BQ Prime’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BQ Prime’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..Anand Rathi Report.Through a share swap Mindtree Ltd. will amalgamate with Larsen and Toubro Infotech Ltd. in the next few months. The combined entity offers high growth potential (in banking, financial services and insurance, hi-tech and retail), a diversified base (L&T Infotech was 46% BFSI; Mindtree, 44% communication, media, and technology) and better margin defence on account of likely general and administrative cost synergies. Revenues to touch $5 billion by FY24 and margins to hold at ~20% after merger and acquisition-related costs and potential employee-retention-related expenses. LTIMindtree can deliver a Rs 176 earnings per share by FY24 and now trades at 26 times FY24, which we find attractive..Click on the attachment to read the full report:.DISCLAIMERThis report is authored by an external party. BQ Prime does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BQ Prime..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

LTIMindtree - Fast Growing, Diversified, And With Better Margin Defence: Anand Rathi

LTIMindtree - Fast Growing, Diversified, And With Better Margin Defence: Anand Rathi

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