Mindtree stock on the rise as company reports highest-ever deal wins

The company reported its highest-ever deal wins at $393 million for the quarter and $1.3 billion for FY20

The Mindtree stock was up 13 per cent on the back of strong March quarter results, a robust deal pipeline, and expectations of healthy margins in 2020-21. In addition to its results, one of the triggers has been the management commentary — which was more optimistic compared to the firm’s bigger peers — on its deal pipeline, along with room for margin expansion.

The firm reported its highest-ever deal wins at $393 million for the quarter, and $1.3 billion for 2019-20. This was aided by a five-year deal with Realogy, a real estate services provider in the US. The strong deal