Mindtree gains 6% on healthy Q3 results; here's what brokerages say

The management said the company was witnessing strong business momentum across all verticals with a significant demand for cloud, data and analytics capabilities

Shares of Mindtree rose 6 per cent to Rs 1,760 on the BSE in Tuesday's early morning trade after the company reported a healthy 65.7 per cent year on year (YoY) jump in net profit at Rs 326.5 crore for the quarter ended December 2020 (Q3FY21). On quarter on quarter (QoQ) basis, the net profit grew 28.7 per cent. The stock had hit a 52-week high of Rs 1,780 on January 11, 2021.

Mindtree’s revenues during the quarter increased by 5.1 per cent QoQ and 3.1 per cent YoY to Rs 2,034 crore. Sequentially, the company’s revenues were up