Mindtree slips nearly 5% ahead of Q2 nos; here's what brokerages expect

The growth outlook of the top client and margin outlook are the key monitorables.

Shares of mid-tier IT company Mindtree slipped as much as 4.73 per cent to Rs 1479.9 in the morning trade on the BSE on Thursday ahead of its September quarter results (Q2FY21) announcement due later in the day.

At 10:25 AM, the stock was trading nearly 4.5 per cent lower at Rs 1484.70 on the BSE. In comparison, the benchmark S&P BSE Sensex was trading 151 points, or 0.37 per cent lower at 40,644 levels. 

For the September quarter, analysts at Centrum Broking expect Mindtree's US dollar revenues to grow by 3.5 per cent quarter-on-quarter (QoQ) led by traction in Top account