Mindtree Ltd stays in bearish mode

Mindtree Ltd is quoting at Rs 1686.6, down 0.59% on the day as on 13:19 IST on the NSE. The stock jumped 88.92% in last one year as compared to a 17.09% rally in NIFTY and a 61.27% spurt in the Nifty IT index.

Mindtree Ltd fell for a fifth straight session today. The stock is quoting at Rs 1686.6, down 0.59% on the day as on 13:19 IST on the NSE. The benchmark NIFTY is down around 0.83% on the day, quoting at 14314.3. The Sensex is at 48700.68, down 0.68%.Mindtree Ltd has gained around 18.18% in last one month.Meanwhile, Nifty IT index of which Mindtree Ltd is a constituent, has increased around 14.41% in last one month and is currently quoting at 26362.8, down 0.86% on the day. The volume in the stock stood at 4.64 lakh shares today, compared to the daily average of 12.02 lakh shares in last one month.

 

The benchmark January futures contract for the stock is quoting at Rs 1681.5, down 1.25% on the day. Mindtree Ltd jumped 88.92% in last one year as compared to a 17.09% rally in NIFTY and a 61.27% spurt in the Nifty IT index.

The PE of the stock is 32.15 based on TTM earnings ending September 20.

Powered by Capital Market - Live News