The Mindtree stock was up 13 per cent on the back of strong March quarter results, a robust deal pipeline, and expectations of healthy margins in 2020-21. In addition to its results, one of the triggers has been the management commentary — which was more optimistic compared to the firm’s bigger peers — on its deal pipeline, along with room for margin expansion.
The firm reported its highest-ever deal wins at $393 million for the quarter, and $1.3 billion for 2019-20. This was aided by a five-year deal with Realogy, a real estate services provider in the US. The ...
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First Published: Mon, April 27 2020. 20:32 IST
