Friday 16 October 2015

Mindtree stock rises 3% post Q2 results

The company reported consolidated net profit of Rs. 158.20 crore for the quarter, registering growth of 14.47% qoq and 15.13% yoy. Company’s revenue grew at Rs. 1169.30 crore, registering growth of 19.12% qoq and 31.58% yoy.


Mindtree Limited
Mindtree stock was higher by 3% at Rs. 1439.

The company reported consolidated net profit of Rs. 158.20 crore for the quarter, registering growth of 14.47% qoq and 15.13% yoy. Company’s revenue grew at Rs. 1169.30 crore, registering growth of 19.12% qoq and 31.58% yoy.

The scrip opened at Rs. 1460 and has touched a high and low of Rs. 1475 and Rs. 1415 respectively. So far 673971(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 11764.23 crore.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1605 on 24-Sep-2015 and a 52 week low of Rs. 967 on 17-Oct-2014. Last one week high and low of the scrip stood at Rs. 1483.8 and Rs. 1383.45 respectively.
The promoters holding in the company stood at 13.76 % while Institutions and Non-Institutions held 44.58 % and 41.67 % respectively.
The stock is currently trading below its 50 DMA.

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