Tuesday 19 July 2016

Mindtree plunges 6% post Q1 results

The company posted a net profit of Rs. 1235 million for the quarter ended June 30, 2016 as compared to Rs. 1283 million for the quarter ended June 30, 2015.

Mindtree Limited
Mindtree stock was lower by 6% to Rs.577.The company posted a net profit of Rs. 1235 million for the quarter ended June 30, 2016 as compared to Rs. 1283 mn for the quarter ended June 30, 2015. Total Income has increased from Rs. 9903 million for the quarter ended June 30, 2015 to Rs. 13386 mn for the quarter ended June 30, 2016.

The scrip opened at Rs. 599.9 and has touched a high and low of Rs. 599.9 and Rs. 572.45 respectively. So far 1983595(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 10301.46 crore.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 803.5 on 04-Mar-2016 and a 52 week low of Rs. 601.25 on 29-Mar-2016. Last one week high and low of the scrip stood at Rs. 669 and Rs. 610.5 respectively.

The promoters holding in the company stood at 13.72 % while Institutions and Non-Institutions held 48.09 % and 38.19 % respectively.

The stock is currently trading below its 200 DMA.

No comments:

Post a Comment