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Mindtree Ltd spurts 7%

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Capital Market

The stock is quoting at Rs 1051.7, up 7% on the day as on 12:49 IST on the NSE. Mindtree Ltd is up 121.08% in last one year as compared to a 15.4% spurt in NIFTY and a 39.55% spurt in the Nifty IT index.

Mindtree Ltd is up for a third straight session in a row. The stock is quoting at Rs 1051.7, up 7% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 0.65% on the day, quoting at 11429.8. The Sensex is at 37818.68, up 0.46%. Mindtree Ltd has dropped around 2.71% in last one month.

 

Meanwhile, Nifty IT index of which Mindtree Ltd is a constituent, has dropped around 3.08% in last one month and is currently quoting at 14880.25, up 1.26% on the day. The volume in the stock stood at 16.92 lakh shares today, compared to the daily average of 21.92 lakh shares in last one month.

The benchmark August futures contract for the stock is quoting at Rs 1054.8, up 4.45% on the day. Mindtree Ltd is up 121.08% in last one year as compared to a 15.4% spurt in NIFTY and a 39.55% spurt in the Nifty IT index.

The PE of the stock is 24.41 based on TTM earnings ending June 18.

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First Published: Aug 16 2018 | 1:05 PM IST

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