Mindtree Consulting Opens at more than 45% premium on listing

Mindtree consulting the IPO i was really looking forward to did get the right listing with more than 45% premium in a bad market day. Though i didnt get alloted any shares in the IPO i m yet to take a position on the stock post listing.

My comparision meter will be Wipro which is the closest in terms of strategic positioning of the company. Tech mahindra, Infosys and TCS are on different playing field. So keeping in mind current wipro market cap and revenues comparing it with Mindtree you may say the share may touch maximum upto 750-800 price wagon keeping this in factor if market continues to rally positively in favor of IT Stocks like its doing right now. Otherwise if you got the shares via the IPO its still keep if we you  would like to maintain long term position in market.


1 Response to “Mindtree Consulting Opens at more than 45% premium on listing”

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