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Mindtree trades jubilantly on reporting 57% rise in Q2 consolidated net profit

Mindtree trades jubilantly on reporting 57% rise in Q2 consolidated net profit

Mindtree is currently trading at Rs. 4685.00, up by 321.75 points or 7.37% from its previous closing of Rs. 4363.25 on the BSE.

The scrip opened at Rs. 4590.00 and has touched a high and low of Rs. 4937.15 and Rs. 4550.00 respectively. So far 218388 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 10 has touched a 52 week high of Rs. 4732.40 on 24-Sep-2021 and a 52 week low of Rs. 1264.25 on 16-Oct-2020.

Last one week high and low of the scrip stood at Rs. 4937.15 and Rs. 4177.60 respectively. The current market cap of the company is Rs. 77211.29 crore.

The promoters holding in the company stood at 61.02%, while Institutions and Non-Institutions held 25.65% and 13.33% respectively.

Mindtree has reported 57.19% rise in its net profit of Rs 398.80 crore for the quarter ended September 30, 2021 as compared to net profit of Rs 253.70 crore for the same quarter in the previous year. Total income of the company increased by 36.42% at Rs 2660.90 crore for Q2FY22 as compared Rs 1950.50 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported 57.23% rise in its net profit of Rs 398.90 crore for the quarter ended September 30, 2021 as against net profit of Rs 253.70 crore for the same quarter in the previous year. Total income of the company increased by 36.43% at Rs 2661.00 crore for Q2FY22 as compared Rs 1950.50 crore for the corresponding quarter previous year.

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