Mindtree rose 1.05% to Rs 890 at 9:45 IST on BSE after net profit surged 31.5% to Rs 129.40 crore on 2.4% growth in revenue to Rs 843.50 crore in Q1 June 2014 over Q4 March 2014.
The Q1 result was announced after market hours on Thursday, 17 July 2014.
Meanwhile, the S&P BSE Sensex was down 82.79 points or 0.32% at 25,478.37.
On BSE, so far 18,000 shares were traded in the counter as against average daily volume of 14,000 shares in the past two weeks.
The stock was volatile. The stock rose as much as 2.73% at the day's high of Rs 905 so far during the day. The stock rose 0.36% at the day's low of Rs 884 so far during the day.
In dollar terms, Mindtree's net profit jumped 36.7% to Rs $21.7 million on 6.4% growth in revenue to $141.3 million in Q1 June 2014 over Q4 March 2014.
The company has 206 active clients as of 30 June 2014.
Commenting on the company's Q1 performance, Krishnakumar Natarajan, CEO & MD, Mindtree said, "Our expertise-led strategy continues to deliver stellar results for our clients and for MindTree. We are seeing good traction with clients through multi-year, multi-million dollar deals. Apart from strong demand across the traditional service lines, we are now getting picked up as the lead partner for digital by many Fortune 100 customers".
Mindtree is a global information technology solutions company.
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