Tags:
Journalism of Courage
* Shares in Mindtree fall as much as 6.5 percent a day after the mid-sized Indian software services exporter reported a 19 percent fall in July-September net profit to 722 million rupees from the prior quarter.
* Credit Suisse says Mindtree guides for slower fiscal 2013 growth than the 11-14 percent range that it had guided for earlier.
* Investment bank maintains the stock at ‘neutral’.
* We find valuations quite attractive but expect revenue growth,which is an important stock driver,to remain muted for some time,the analysts say in a note dated on Wednesday.
* Mindtree shares down 5.1 percent.
