Mindtree dips 6% on profit booking post December quarter results

As the key positives are already captured, brokerage firm Motilal Oswal Financial Services sees limited upside for the stock hereafter.

Shares of Mindtree dipped 6 per cent to Rs 4,477.25 on the BSE in Friday’s intra-day trade on profit booking on high valuation after the company reported a strong set of October-December quarter (Q3FY22) numbers both on revenue as well as margins front. At 09:37 am; Mindtree traded 4.5 per cent lower at Rs 4,529.50, as against a 0.28 per cent decline on the S&P BSE Sensex.

Despite today’s fall, in the past six months, the stock has outperformed the market by surging 68 per cent, when compared with a 15 per cent rise in the Sensex. In the