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Mindtree Ltd extends losses

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Capital Market

Mindtree Ltd is quoting at Rs 923.45, down 1.34% on the day as on 13:24 IST on the NSE. The stock tumbled 3.1% in last one year as compared to a 12.44% rally in NIFTY and a 15.44% spurt in the Nifty IT index.

Mindtree Ltd dropped for a fifth straight session today. The stock is quoting at Rs 923.45, down 1.34% on the day as on 13:24 IST on the NSE. The benchmark NIFTY is up around 0.5% on the day, quoting at 11906.4. The Sensex is at 39797.67, up 0.52%.Mindtree Ltd has lost around 5.78% in last one month.Meanwhile, Nifty IT index of which Mindtree Ltd is a constituent, has increased around 1.61% in last one month and is currently quoting at 16101.7, down 0.53% on the day. The volume in the stock stood at 8.84 lakh shares today, compared to the daily average of 5.21 lakh shares in last one month.

 

The benchmark June futures contract for the stock is quoting at Rs 921.5, up 1.72% on the day. Mindtree Ltd tumbled 3.1% in last one year as compared to a 12.44% rally in NIFTY and a 15.44% spurt in the Nifty IT index.

The PE of the stock is 20.42 based on TTM earnings ending March 19.

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First Published: Jun 27 2019 | 1:35 PM IST

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