Mindtree leads the gainer list of ‘S&P BSE IT’ space

10 Feb 2014

Mindtree is currently trading at Rs. 1509.00, up by 63.75 points or 4.41% from its previous closing of Rs. 1445.25 on the BSE.

The scrip opened at Rs. 1460.00 and has touched a high and low of Rs. 1532.00 and Rs. 1460.00 respectively. So far 10,000 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 1685.00 on 09-Jan-2014 and a 52 week low of Rs. 772.75 on 08-Feb-2013.

Last one week high and low of the scrip stood at Rs. 1532.00 and Rs. 1390.00 respectively. The current market cap of the company is Rs. 6,281.00 crore.

The promoters holding in the company stood at 16.58%, while Institutions and Non-Institutions held 46.62% and 36.80% respectively.

After setting up one delivery centre at Gainesville, Florida in US, Mindtree is planning to set up two more delivery centres in the US, of which one is likely to come up in 2014. The company will set up its second delivery centre on the west coast, probably in Washington state and the company has completed nearly 60% of the process, while the rest of the procedure is likely to complete in the next three-four months. Moreover, the third delivery centre is likely to be set up in mid-western region in either Michigan or Ohio.

The US accounts for the largest share of Mindtree’s revenues at 55.8% as of December 31, 2013, followed by Europe (30.2%), India (6.3%) and Rest of World (7.8%).

Mindtree has strategically worked with many leading security system integrators and camera vendors across the globe. The solution will be offered to customers in India and globally through a network of system integrators who will help customers with deployment and training on the software usage.

Related Mindtree Ltd. Links:

Mindtree Share Price

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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323