MINDTREE Share Price Down by 5%; BSE IT Index Down 3.4%

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MINDTREE Share Price Down by 5%; BSE IT Index Down 3.4%
Tue, 13 Apr 11:34 AM

MINDTREE share price has plunged 5% and is presently trading at Rs 2,171.

Meanwhile, the BSE IT Index is at 27,510 (down 3.4%).

Among the top losers in the BSE IT Index today are MINDTREE (down 5.2%) and COFORGE (down 7.9%).

CYIENT (up 3.4%) and FIRSTSOURCE SOLUTIONS (up 3.0%) are among the top gainers today.

Over the last one year, MINDTREE has moved up from Rs 734 to Rs 2,171, registering a gain of Rs 1,437 (up 195.6%)..

The BSE IT has moved up from 12,754 to 27,510, registering a gain of 14,756 points (up 115.7%) during the last 12 months.

The top buzzing stocks among the BSE IT Index stocks during this same period were INTELLECT DESIGN (up 845.9%), TATA ELXSI (up 304.6%) and PERSISTENT SYSTEMS (up 276.3%).

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What About the Benchmark Indices?

The BSE Sensex is at 48,315 (up 0.2%). The top gainers among the BSE Sensex stocks today are M&M (up 4.9%). The most traded stocks in the BSE Sensex are SBI and ITC.

In the meantime, NSE Nifty is at 14,449 (up 0.2%). M&M (up 5.0%) and BAJAJ FINSERV (up 4.0%) are among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 31,160 to 48,315, registering a gain of 17,155 points (up 54.04%).

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 33.4x.



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