Mindtree declines despite reporting 34% rise in Q3 net profit

Mindtree is currently trading at Rs. 4512.25, down by 231.55 points or 4.88% from its previous closing of Rs. 4743.80 on the BSE. Mindtree

The scrip opened at Rs. 4640.00 and has touched a high and low of Rs. 4652.90 and Rs. 4477.25 respectively. So far 63374 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 10 has touched a 52 week high of Rs. 5059.15 on 18-Nov-2021 and a 52 week low of Rs. 1539.85 on 24-Feb-2021.

Last one week high and low of the scrip stood at Rs. 4760.00 and Rs. 4477.25 respectively. The current market cap of the company is Rs. 74295.06 crore.

Mindtree  The promoters holding in the company stood at 61%, while Institutions and Non-Institutions held 25.43% and 13.57% respectively.

Mindtree has reported a rise of 34% in its net profit at Rs 437.50 crore for the quarter ended December 31, 2021 as compared to Rs 326.50 crore for the same quarter in the previous year. Total income of the company increased by 35.27% at Rs 2820.80 crore for Q3FY22 as compared Rs 2085.30 crore for the corresponding quarter previous year.

Mindtree is a global technology consulting and services company, helping enterprises marry scale with agility to achieve competitive advantage.