Mindtree slips 3% post Q2 nos; should you buy? Here's what brokerages say

It reported 34.6 per cent decline in its net profit at Rs 135 crore for the second quarter of FY20 when compared with the corresponding period of the previous financial year.

Shares of Mindtree slipped as much as 3.13 per cent to Rs 720 apiece on the BSE in the intra-day deals on Thursday after the company reported 34.6 per cent decline in its net profit at Rs 135 crore for the second quarter of FY20 when compared with the corresponding period of the previous financial year.

At 11:10 am, the stock was trading at Rs 724.50 per share, down over 2.53 per cent on the BSE. In comparison, the S&P BSE Sensex was ruling at 38,640.34, up 41.35 points or 0.11 per cent.

The decline in net profit was attributed