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Mindtree trades with traction on partnering with Nordex Group

23 Nov 2020 Evaluate

Mindtree is currently trading at Rs. 1393.10, up by 37.35 points or 2.75% from its previous closing of Rs. 1355.75 on the BSE.

The scrip opened at Rs. 1380.45 and has touched a high and low of Rs. 1396.80 and Rs. 1361.80 respectively. So far 15371 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1605.45 on 14-Oct-2020 and a 52 week low of Rs. 686.20 on 22-Nov-2019.

Last one week high and low of the scrip stood at Rs. 1396.80 and Rs. 1315.55 respectively. The current market cap of the company is Rs. 22959.46 crore.

The promoters holding in the company stood at 67.59%, while Institutions and Non-Institutions held 23.99% and 8.42% respectively.

Mindtree has partnered with leading wind turbine manufacturer, The Nordex Group. The Nordex Group chose Mindtree as its business transformation partner to simplify, modernize, and transform its entire IT landscape globally, while providing scalability to support the company’s growth plans. The Nordex Group is one of the leading integrated, global manufacturers of innovative onshore wind turbine systems. Founded in 1985, the products of the company regularly shape the technological development of the wind energy industry. The Group has installed wind power capacity of more than 30 GW in over 40 markets, significantly contributing to carbon-free power generation. The company has entered into partnership for five years.

Mindtree is a global technology consulting and services company, helping enterprises marry scale with agility to achieve competitive advantage.

Peers
Company Name CMP
TCS 2071.70
Infosys 1003.00
HCL Technologies 1253.70
Wipro 161.70
Tech Mahindra 1543.30
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