MindTree is currently trading at Rs. 517.60, up by 29.15 points or 5.97% from its previous closing of Rs. 488.45 on the BSE.
The scrip opened at Rs. 505.00 and has touched a high and low of Rs. 522.15 and Rs. 502.35 respectively. So far 75,000 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 530.65 on 03-Apr-2012 and a 52 week low of Rs. 321.20 on 26-Aug-2011.
Last one week high and low of the scrip stood at Rs. 522.15 and Rs. 485.85 respectively. The current market cap of the company is Rs. 2,106.00 crore.
The promoters holding in the company stood at 24.05% while Institutions and Non-Institutions held 27.23% and 48.72% respectively.
Mid-sized IT firm MindTree has posted an over two-fold increase in net profit at Rs 68.9 crore for the quarter ended March 31, 2012, driven by strong growth in software services. The company had posted a net profit of Rs 32 crore in the year-ago period.
The income from software services increased over 34% to Rs 525.7 crore in the reported quarter from Rs 391.2 crore in Q4 FY11.
On a full-year basis, the company's net profit stood at Rs 218.5 crore as against Rs 101.6 crore in 2010-11. Income from software services grew over 26.92% to Rs 1,915.2 crore in 2011-12 from Rs 1,509 crore in 2010-11.
MindTree offers IT services across the consumer goods value chain, spanning product development and manufacturing intelligence systems, supply chain execution and optimization solutions and customer and consumer management solutions.
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