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MINDTREE Surges by 5%; BSE IT Index Up 0.8%

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MINDTREE Surges by 5%; BSE IT Index Up 0.8%
Wed, 7 Aug 10:58 AM

MINDTREE share price has zoomed 5% and is presently trading at Rs 748.

Meanwhile, the BSE IT Index is at 15,764 (up 0.8%).

Among the top Gainers in the BSE IT Index today is MINDTREE (up 5.0%).

PERSISTENT SYSTEMS (down 0.2%) and FIRSTSOURCE SOL. (down 0.4%) are among the top losers today.

Over the last one year, MINDTREE has moved down from Rs 954 to Rs 748, registering a loss of Rs 207 (down 21.7%).

On the other hand, the BSE IT has moved up from 14,570 to 15,764, registering a gain of 1,194 points (up 8.0%) during the last 12 months.

The top gainers among the BSE IT Index stocks during this same period were WIPRO (up 26.3%), INFOSYS (up 14.8%) and TCS (up 12.9%).

What About the Benchmark Indices?

The BSE Sensex is at 37,067 .

The top gainers among the BSE Sensex stocks today are YES BANK (up 5.6%), SUN PHARMA (up 1.9%) and INDUSIND BANK (up 1.8%). Other gainers include HERO MOTOCORP (up 1.7%) and HUL (up 1.7%). The most traded stocks in the BSE Sensex are YES BANK and TATA MOTORS.

In the meantime, NSE Nifty is at 10,970 (down 0.1%). ZEE ENTERTAINMENT (up 6.4%) is among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 37,692 to 37,067, registering a gain of -625 points (up -1.9%).

MINDTREE Financial Update...

MINDTREE net profit down at Rs 927 million for the quarter ended June 2019, compared to a loss of Rs 2 billion a year ago. Net Sales rose 2.6% to Rs 18.3 billion during the period as against Rs 17.9 billion in April-June 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 17.8x.

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Stock Market Updates

The BSE METAL Index has hit an all-time high at 8,397 (up 2.3%) (Today's Market)

Aug 23, 2019 11:36 AM

The BSE METAL Index has hit an all-time high at 8,397 (up 2.3%). Among the top gainers in the BSE METAL Index today are VEDANTA LTD and JINDAL STEEL & POWER. Meanwhile, the BSE Sensex has surged 0.0% to 36,625.

RELIANCE INFRA Surges by 5%; BSE POWER Index Up 0.7% (Today's Market)

Aug 23, 2019 11:12 AM

RELIANCE INFRA share price has surged by 5% and its current market price is Rs 38. The BSE POWER is up by 0.7%. The top gainers in the BSE POWER Index is RELIANCE INFRA (up 5.4%). The top losers are SIEMENS (down 0.3%) and POWER GRID (down 0.4%).

SOMANY CERAMICS Surges by 10%; BSE 500 Index Up 0.3% (Today's Market)

Aug 23, 2019 11:06 AM

SOMANY CERAMICS share price has surged by 10% and its current market price is Rs 293. The BSE 500 is up by 0.3%. The top gainers in the BSE 500 Index are SOMANY CERAMICS (up 10.3%) and STERLITE TECH. (up 13.1%). The top losers are TATA CHEMICALS and WHIRLPOOL OF INDIA .

GULF OIL LUBRICANTS Plunges by 6%; BSE OIL & GAS Index Up 0.5% (Today's Market)

Aug 23, 2019 10:30 AM

GULF OIL LUBRICANTS share price has plunged by 6% and its current market price is Rs 850. The BSE OIL & GAS is up by 0.5%. The top gainers in the BSE OIL & GAS Index are GAIL (up 1.1%) and OIL INDIA (up 1.0%). The top losers is GULF OIL LUBRICANTS (down 5.9%)..

STERLITE TECH. Surges by 11%; BSE 500 Index Down 0.1% (Today's Market)

Aug 23, 2019 10:20 AM

STERLITE TECH. share price has surged by 11% and its current market price is Rs 116. The BSE 500 is down by 0.1%. The top gainers in the BSE 500 Index is STERLITE TECH. (up 10.8%). The top losers are AEGIS LOGISTICS and STRIDES PHARMA SCIENCE .

Sensex, Nifty Open Lower; Rupee Weakens Past 72-Mark (Today's Market)

Aug 23, 2019 09:30 am

Asian share markets are higher today as Japanese and Hong Kong shares show gains. The Nikkei 225 is up 0.2% while the Hang Seng is up 0.5%

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