MindTree soars on reporting 63% rise in Q3 net profit

21 Jan 2013

Mindtree is currently trading at Rs. 787.80, up by 31.85 points or 4.21% from its previous closing of Rs. 755.95 on the BSE.

The scrip opened at Rs. 750.00 and has touched a high and low of Rs. 792.70 and Rs. 750.00 respectively. So far 33111 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 792.70 on 21-Jan-2013 and a 52 week low of Rs. 371.70 on 01-Feb-2012.

Last one week high and low of the scrip stood at Rs. 792.70 and Rs. 731.00 respectively. The current market cap of the company is Rs. 3229.97 crore.

The promoters holding in the company stood at 17.93% while Institutions and Non-Institutions held 34.69% and 47.38% respectively.

MindTree has reported results for third quarter ended December 31, 2012.

The company has reported 63.04% rise in its net profit at Rs 98.8 crore for the quarter as compared to Rs 60.6 crore for the same quarter in the previous year. Total income of the company has increased by 13.55% at Rs 590.1 crore for quarter under review as compared to Rs 519.7 crore for the quarter ended December 31, 2011.

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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