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Mindtree dips 6% on profit booking post December quarter results

As the key positives are already captured, brokerage firm Motilal Oswal Financial Services sees limited upside for the stock hereafter.

Mindtree founders may have to vacate board seats for L&T nominees
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SI Reporter Mumbai
Shares of Mindtree dipped 6 per cent to Rs 4,477.25 on the BSE in Friday’s intra-day trade on profit booking on high valuation after the company reported a strong set of October-December quarter (Q3FY22) numbers both on revenue as well as margins front. At 09:37 am; Mindtree traded 4.5 per cent lower at Rs 4,529.50, as against a 0.28 per cent decline on the S&P BSE Sensex.

Despite today’s fall, in the past six months, the stock has outperformed the market by surging 68 per cent, when compared with a 15 per cent rise in the Sensex. In the