Mindtree up 4% as Q3 profit jumps 46% YoY; experts maintain 'neutral' call

For the recently concluded quarter, the Bengaluru-headquartered company reported revenue growth of around 10 per cent to Rs 1,965 crore.

Shares of Mindtree rallied 4.4 per cent to Rs 901.9 on the BSE on Wednesday after the mid-tier information technology (IT) firm posted a 45.9 per cent sequential growth in the net profit to Rs 197 crore for December quarter of the financial year 2019-20 (Q3FY20). On a year-on-year (YoY) basis, the number was up 3 per cent.

At 9:58 am, the stock was trading 3.9 per cent higher at Rs 897.4 apiece, as against the benchmark S&P BSE Sensex, which was trading at 41,772.29, down 180.34 points or 0.43 per cent. Nearly 3.2 million shares have changed hands on the