 "Brokers trade at their computer terminals at a stock brokerage firm in Mumbai. Photo: Reuters")
MindTree was up 3% to Rs 535 on the BSE in early morning trade after IT consulting & software services provider said that its board will meet on June 28, to consider a share buyback proposal.
“A meeting of the board of directors of the Company will be held on June 28, 2017 to inter-alia, consider the proposal to buyback the fully paid-up equity shares of the Company,” MindTree said in a regulatory filing.
Thus far in the calendar year 2017, the stock had underperformed the market and remained flat as compared to 17.5% rise in the benchmark
“A meeting of the board of directors of the Company will be held on June 28, 2017 to inter-alia, consider the proposal to buyback the fully paid-up equity shares of the Company,” MindTree said in a regulatory filing.
Thus far in the calendar year 2017, the stock had underperformed the market and remained flat as compared to 17.5% rise in the benchmark
