MindTree up on net profit rise

MindTree shares spurted 21.69 per cent to close the day at Rs 306.9 after the company announced a jump of 115.60 per cent q-o-q in its consolidated net profit to Rs 18.8 crore in Q4 March 2009.

However, net sales dropped around 7 per cent to Rs 338.06 crore in Q4 March 2009 on a consolidated basis. The stock made an intraday high of Rs 340 and a low of Rs 236.2 with trading volumes of 1.9 million shares.