MINDTREE at All Time High; BSE IT Index Up 0.7%
Tue, 16 Mar 09:30 AM

MINDTREE share price has hit an all-time high at Rs 1,950 (up 0.5%).

Meanwhile, the BSE IT Index is at 26,570 (up 0.7%).

Among the top gainers in the BSE IT Index today are MINDTREE (up 0.5%) and L&T INFOTECH (up 0.4%).

HEXAWARE TECHNOLOGIES and PERSISTENT SYSTEMS (down 0.1%) are among the top losers today.

Over the last one year, MINDTREE has moved up from Rs 815 to Rs 1,950, registering a gain of Rs 1,135 (up 138.1%).

The BSE IT has moved up from 13,119 to 26,570, registering a gain of 13,451 points (up 102.4%) during the last 12 months.

The top gainers among the BSE IT Index stocks during this same period were INTELLECT DESIGN (up 593.8%), TATA ELXSI (up 210.4%) and FIRSTSOURCE SOLUTIONS (up 190.0%).

Watch the Replay: The Smallcap Fortunes Summits

What About the Benchmark Indices?

The BSE Sensex is at 50,699 (up 0.3%). The top gainers among the BSE Sensex stocks today are TITAN (up 1.8%), ASIAN PAINTS (up 1.8%) and BHARTI AIRTEL (up 1.7%). Other gainers include ULTRATECH CEMENT (up 1.2%) and INFOSYS (up 0.8%). The most traded stocks in the BSE Sensex are ONGC and ITC.

In the meantime, NSE Nifty is at 15,016 (up 0.3%). The top gainers in the NSE Nifty include TITAN (up 2.1%), ASIAN PAINTS (up 2.0%) and ADANI PORTS & SEZ (up 1.9%). Other gainers include DR. REDDYS LAB (up 1.5%) and BHARTI AIRTEL (up 1.4%).

Over the last 12 months, the BSE Sensex has moved up from 32,778 to 50,699, registering a gain of 17,921 points (up 54.3%).

MINDTREE Financial Update...

MINDTREE net profit stood at Rs 3 billion for the quarter ended December 2020, compared to a profit of Rs 2 billion a year ago. Net Sales rose 3.0% to Rs 20.2 billion during the period as against Rs 19.7 billion in October-December 2019.

For the year ended March 2019, MINDTREE reported 32.3% increase in net profit to Rs 7.5 billion compared to net profit of Rs 5.7 billion during FY18.

Revenue of the company grew 28.5% to Rs 70 billion during FY19.

The current Price to earnings ratio of MINDTREE, based on rolling 12 month earnings, stands at 31.9x.



What else is happening in the markets today? Dig in...

  

Stock Market Updates

Mar 16, 2021 Closing

Indian share markets witnessed selling during closing hours today and ended their day on a flat note.At the closing bell, the BSE Sensex stood lower by 31 points (down 0.1%).

Mar 16, 2021 12:30 pm

BSE Sensex is trading up by 299 points, while the NSE Nifty is trading up by 68 points.

Mar 16, 2021 10:34 AM

SONATA SOFTWARE share price has hit an all time high at Rs 533 (up 5.1%). The BSE IT Index is up by 1.9%. Among the top gainers in the BSE IT Index today are SONATA SOFTWARE (up 5.1%) and L&T INFOTECH (up 2.0%). The top losers include HEXAWARE TECHNOLOGIES .

Mar 16, 2021 09:30 am

Indian share markets open higher. The BSE Sensex opened up by 232 points, while the Nifty is trading higher by 59 points.

Mar 16, 2021 09:42 AM

ERIS LIFESCIENCES share price has hit a 52-week high. It is presently trading at Rs 644. BSE 500 Index is up by 0.5% at 20,031. Within the BSE 500, ERIS LIFESCIENCES (up 4.2%) and VAIBHAV GLOBAL (up 7.9%) are among the top gainers, while top losers are BLISS GVS PHARMA and CORPORATION BANK.

Mar 16, 2021 09:36 AM

RATNAMANI METALS share price is trading up by 6% and its current market price is Rs 2,090. The BSE METAL is down by 0.8%. The top gainers in the BSE METAL Index is RATNAMANI METALS (up 5.9%). The top losers are COAL INDIA (down 0.1%) and NMDC (down 0.5%).

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