MindTree hits 52-week high as investor cheer results

Subscribe to GoodReturns
For Quick Alerts
Subscribe Now  
For Quick Alerts
ALLOW NOTIFICATIONS  
For Daily Alerts
    MindTree hits 52-week high as investor cheer results
    MindTree: Quotes, News
    BSE 862.15BSE Quote5.25 (-0.61%)
    NSE 861.40NSE Quote6.45 (-0.75%)
    Shares of MindTree hit a 52-week high today, as investors bought into the company, after Q3 numbers reported were robust.
     

    The stock was last quoted at Rs 782 on the BSE, after hitting a 52-week high of Rs 792.70 in intra day trade.

    MindTree, a global information technology solutions company reported a revenue of Rs 590.1 crores, for the quarter ending Dec 31, 2012, showing a growth of 2.5% q-o-q.

    Net profit during the period has come in at Rs 98.8 crore, representing a growth of 36.8% q-o-q. "Our revenue growth has been satisfactory despite a seasonally weak quarter. We are very pleased that our efforts to reposition and strengthen our business continue to yield good results, as can be seen in our strong profitability improvements. Our expertise led positioning is helping us develop deeper customer relationships and deliver transformative changes for existing and new customers, " said Krishnakumar Natarajan, CEO & Managing Director, Mindtree Limited.

    MindTree had 245 active customers as of December 31, 2012, with the $5 million customers increasing by 4 to 21; $10 million customers increased by 1 to 9.

    GoodReturns.in

    Read more about: mindtree
    Company Search
    Enter the first few characters of the company's name or the NSE symbol or BSE code and click 'Go'

    Find IFSC

    We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more