MINDTREE Plunges by 8%; BSE IT Index Up 0.1%
March 19, 2020 02:16 PM

MINDTREE share price has plunged 8% and is presently trading at Rs 788.

Meanwhile, the BSE IT Index is at 11,658 (up 0.1%).

Among the top losers in the BSE IT Index today are MINDTREE (down 8.2%) and L&T TECHONOLOGY (down 6.7%).

INFOSYS (up 2.7%) and TCS (up 1.0%) are among the top gainers today.

Over the last one year, MINDTREE has moved down from Rs 962 to Rs 788, registering a loss of Rs 175 (down 18.2%)..

The BSE IT has moved down from 14,985 to 11,658, loss of 3,327 points (down 22.2%) during the last 12 months.

The top gainers among the BSE IT Index stocks during this same period were [param_historic_top3].

What About the Benchmark Indices?

The BSE Sensex is at 29,232 (up 0.9%). The top gainers among the BSE Sensex stocks today are BAJAJ AUTO (up 7.1%). The most traded stocks in the BSE Sensex are SBI and ITC.

In the meantime, NSE Nifty is at 8,575 (up 1.0%). BAJAJ AUTO (up 7.6%) and HERO MOTOCORP (up 5.7%) are among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved down from 38,095 to 29,232, registering a loss of 8,863 points (down 23.50%).

MINDTREE Financial Update...

MINDTREE net profit stood at Rs 2 billion for the quarter ended December 2019, compared to a profit of Rs 2 billion a year ago. Net Sales rose 10.0% to Rs 19.7 billion during the period as against Rs 17.9 billion in October-December 2018.

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 19.5x.