Mindtree jumps 4%; likely to issue bonus shares

The company informed BSE that a meeting of the Board of Directors of the Company will be held on January 18, 2016, inter alia, to consider a Proposal for declaring / recommending issue of Bonus Shares.

Mindtree gained 4% at Rs. 1581.55 from its previous closing of Rs. 1520.6 on the BSE. The company informed BSE that a meeting of the Board of Directors of the Company will be held on January 18, 2016, inter alia, to consider a Proposal for declaring / recommending issue of Bonus Shares. The company will be announcing its Q3 results on January 18, 2016.

The scrip opened at Rs. 1539.9 and has touched a high and low of Rs. 1594.2 and Rs. 1538.1 respectively. So far 327385(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 12755.4 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. 1154.4 on 27-Apr-2015. Last one week high and low of the scrip stood at Rs. 1541.95 and Rs. 1380 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.