Mindtree rallies 6%, hits new high in a weak market; zooms 101% in 6 months

In Q1FY22, the company saw healthy order book led by closure of certain deals (especially BFSI), increase in multi-year deals , renewals, higher demand from retail & CPG clients

Shares of Mindtree hit a new record high of Rs 3,393, in an otherwise a weak market, after they rallied 6 per cent on the BSE in the intra-day trade on Friday. In comparison, the S&P BSE Sensex was down 0.41 per cent at 55,403 points at 09:36 am.

In the past six months, the market price of Mindtree has appreciated 101 per cent as compared to a 9 per cent rise in the benchmark index. Over three months, it has soared 62 per cent as against a 12 per cent rally in the Sensex.

For the quarter