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Mindtree Ltd extends winning spree

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Capital Market
Last Updated : Oct 14 2019 | 1:16 PM IST

Mindtree Ltd is quoting at Rs 730, up 0.7% on the day as on 12:44 IST on the NSE. The stock is down 25.56% in last one year as compared to a 8.08% gain in NIFTY and a 3.24% gain in the Nifty IT.

Mindtree Ltd rose for a fifth straight session today. The stock is quoting at Rs 730, up 0.7% on the day as on 12:44 IST on the NSE. The benchmark NIFTY is up around 0.5% on the day, quoting at 11361.55. The Sensex is at 38311.71, up 0.48%. Mindtree Ltd has added around 7.07% in last one month.

Meanwhile, Nifty IT index of which Mindtree Ltd is a constituent, has added around 2.97% in last one month and is currently quoting at 15321.9, down 0.3% on the day. The volume in the stock stood at 1.36 lakh shares today, compared to the daily average of 6.65 lakh shares in last one month.

The benchmark October futures contract for the stock is quoting at Rs 727.25, up 0.89% on the day. Mindtree Ltd is down 25.56% in last one year as compared to a 8.08% gain in NIFTY and a 3.24% gain in the Nifty IT index.

The PE of the stock is 17.32 based on TTM earnings ending June 19.

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First Published: Oct 14 2019 | 1:00 PM IST

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