Mindtree gains 1% ahead of Q1 nos; here's what to expect from the IT firm

Travel and Hospitality vertical contributes nearly 16 per cent to Mindtree's total revenues.

Shares of Mindtree were trading 1 per cent higher on the BSE on Tuesday at Rs 1,022 levels ahead of its June quarter results for the financial year 2020-21 (Q1FY21) due later in the day. In comparison, the S&P BSE IT index was 0.4 per cent up at 16,057 levels. The benchmark S&P BSE Sensex was trading nearly 1 per cent lower at 36,337 points. 

For the quarter under review, Mindtree, according to analysts, is expected to post up to 8 per cent decline in its US dollar revenues on a sequential basis. The fall in revenues will be led