Mindtree surges over 2.50% ahead of Q2 nos; here's what to expect

As per analysts, FY20 is likely to remain a softer year for midcap IT on US dollar revenue growth (vs FY19 on revenue growth front).

Shares of Mindtree, the mid-tier IT services company, surged as much as 2.57 per cent to Rs 744 apiece on the BSE in the intra-day deals on Wednesday. The company is slated to announce its September quarter results for the financial year 2019-20 (FY20) later in the day. 

At 10:05 am, the stock was trading Rs 733.50 apiece on the BSE, up over 1 per cent. The S&P BSE Sensex, on the other hand, was ruling at 38,543.66 levels, up 38 points or 0.10 per cent. 

As per analysts, FY20 is likely to remain a softer year for midcap IT