MINDTREE at All Time High; BSE IT Index Up 1.0%
Fri, 18 Jun 09:40 AM

MINDTREE share price has hit an all-time high at Rs 2,525 (up 1.3%).

Meanwhile, the BSE IT Index is at 29,528 (up 1.0%).

Among the top gainers in the BSE IT Index today are MINDTREE (up 1.3%) and L&T INFOTECH (up 0.5%).

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

Over the last one year, MINDTREE has moved up from Rs 912 to Rs 2,525, registering a gain of Rs 1,613 (up 175.2%).

The BSE IT has moved up from 14,482 to 29,528, registering a gain of 15,046 points (up 103.9%) during the last 12 months.

The top gainers among the BSE IT Index stocks during this same period were INTELLECT DESIGN (up 688.4%), PERSISTENT SYSTEMS (up 343.4%) and FIRSTSOURCE SOLUTIONS (up 340.8%).

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What About the Benchmark Indices?

The BSE Sensex is at 52,586 (up 0.4%). The top gainers among the BSE Sensex stocks today are BAJAJ FINSERV (up 1.3%), HCL TECHNOLOGIES (up 0.8%) and INFOSYS (up 0.8%). Other gainers include SUN PHARMA (up 0.8%) and BAJAJ FINANCE (up 0.6%). The most traded stocks in the BSE Sensex are INDUSIND BANK and INFOSYS.

In the meantime, NSE Nifty is at 15,762 (up 0.1%). The top gainers in the NSE Nifty include ADANI PORTS & SEZ (up 1.6%), BAJAJ FINSERV (up 1.2%) and INFOSYS (up 0.9%). Other gainers include HDFC LIFE INSURANCE (up 0.8%) and DIVIS LABORATORIES (up 0.8%).

Over the last 12 months, the BSE Sensex has moved up from 33,605 to 52,586, registering a gain of 18,981 points (up 56.3%).

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 41.2x.



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

  

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