MindTree has moved higher by 4% to Rs 1,371, also its new high on BSE, on back of strong institutional buying.
Foreign and domestic institutional holding in the Bangalore-based information technology (IT) company has increased by nearly 6 percentage points to 45.18% in September quarter from 39.44% at the end of June quarter.
Foreign institutional investors (FIIs) have 35.65% holdings, while domestic institutional investors (DIIs) held 9.53% stake in the company as on September 30, 2013. FIIs and DIIs had held 30.99% and 8.45% stake respectively at the end of June quarter, the shareholding pattern data shows.
The stock has outperformed the market by surging 64% from Rs 837 on June 30, 2013 compared to 6% rise in benchmark index and 39% rally in IT sector index.
Foreign and domestic institutional holding in the Bangalore-based information technology (IT) company has increased by nearly 6 percentage points to 45.18% in September quarter from 39.44% at the end of June quarter.
Foreign institutional investors (FIIs) have 35.65% holdings, while domestic institutional investors (DIIs) held 9.53% stake in the company as on September 30, 2013. FIIs and DIIs had held 30.99% and 8.45% stake respectively at the end of June quarter, the shareholding pattern data shows.
The stock has outperformed the market by surging 64% from Rs 837 on June 30, 2013 compared to 6% rise in benchmark index and 39% rally in IT sector index.
