SEBI Registration No - INA000003197 Investment in stock and commodity market are subject to market risk. Please do not trade on those tips which are not provided through SMS.

Blog

Mindtree-net

Mindtree stock drops after Q1FY19 PAT falls

Shares of Mindtree dropped over 7% after the IT company reported mixed set of numbers for Q1FY19. PAT declined by 13.2% qoq to Rs158cr, which is in line with consensus estimate of Rs158cr.

The company’s revenue in Indian rupee terms grew by 12.0% qoq to Rs1,640cr, which is higher than consensus estimate of Rs1,565cr. Revenue in USD terms came in at USD241.5mn, up 6.8% qoq.

Mindtree Ltd is currently trading at Rs982.50 down by Rs80.05 or 7.53% from its previous closing of Rs1,062.55 on the BSE.

The scrip opened at Rs1,058 and has touched a high and low of Rs1,058 and Rs971.05 respectively. So far 27,74,354 (NSE+BSE) shares were traded on the counter.

Mindtree is a midsized IT services company offering major services like application development and maintenance, infrastructure management and independent testing amongst others.

Most valuable Financial Advisory with the name of accurate tips provider here invites you to trade in a financial market with risk-free work click here for more >> Bonaz Capital