Consistent revenue growth to remain key for Mindtree stock: Experts

Its ability to support current margin may support the valuation

The Mindtree stock was one of the biggest losers among mid-cap IT companies, shedding nearly 7 per cent in trade on Friday. The dip in stock value was due to lower-than-expected revenue performance in the September quarter, weak deal wins, and higher exposure to Covid-19-hit verticals. 

Though dollar revenue growth of 3.1 per cent on a sequential basis in the quarter was broad-based, it was lower than Street estimates. Growth from the top client was muted after three quarters of robust revenue performance. While the company is confident of growth from the client to come back in the coming quarters, given