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Mindtree Ltd extends losses

Capital Market 

Mindtree Ltd is quoting at Rs 768.65, down 0.08% on the day as on 13:24 IST on the NSE. The stock tumbled 25.83% in last one year as compared to a 5.53% rally in NIFTY and a 6.91% spurt in the Nifty IT index.

Mindtree Ltd fell for a fifth straight session today. The stock is quoting at Rs 768.65, down 0.08% on the day as on 13:24 IST on the NSE. The benchmark NIFTY is down around 0.05% on the day, quoting at 11552.7. The Sensex is at 38686.77, down 0.09%.Mindtree Ltd has eased around 21.2% in last one month.Meanwhile, Nifty IT index of which Mindtree Ltd is a constituent, has eased around 7.07% in last one month and is currently quoting at 15376, down 1.11% on the day. The volume in the stock stood at 41.03 lakh shares today, compared to the daily average of 8.72 lakh shares in last one month.

The benchmark July futures contract for the stock is quoting at Rs 761.55, down 1.37% on the day. Mindtree Ltd tumbled 25.83% in last one year as compared to a 5.53% rally in NIFTY and a 6.91% spurt in the Nifty IT index.

The PE of the stock is 16.76 based on TTM earnings ending March 19.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Tue, July 09 2019. 13:35 IST
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