Page 4 - Mindtree

Sebi fines 2 persons for violating insider trading norms in Mindtree case

Markets regulator Sebi on Thursday penalised two persons for violating insider trading norms with respect to shares of Mindtree Ltd. Through two separate orders, the watchdog imposed a fine of Rs 1 lakh each on Uday Kiran Lingamaneni and Virat Kumar Yerramalla, who were employees of Mindtree at the time of violation. Sebi noted that Lingamaneni and Yerramalla had transacted in the scrip of the company on multiple occasions, including during the investigation period (January-March 2019). It was further observed that both had traded in excess of Rs 10 lakh in the scrip during the period. However, they did not disclose about their respective transactions to the company as required under the insider trading norms. Lingamaneni had executed three transactions worth Rs 68.18 lakh during January-March 2019 period while Yerramalla had executed five transactions with the total traded value of Rs 57.96 lakh, the orders noted. The allegation that the noticees have violated PIT (Prohibition

Our order book has been impressive at $360 million: Mindtree MD & CEO

Debashis Chatterjee discusses the strategies that have worked and the road ahead

Q2 show, outlook extend rally in Mindtree, stock up 200% over past year

The disappointment was the flattish performance in business from its top client whose share of revenues now stands at 24 per cent

Mindtree shares zoom nearly 12 pc to 52-week high after Q2 earnings

Shares of IT firm Mindtree jumped nearly 12 per cent on Thursday after the company posted a 57.2 per cent increase in net profit for the second quarter ended September 2021.

Charts indicate more gains for Wipro, Mindtree; Infosys, TCS appear weak

Wipro and MindTree logged new life-time highs in trade on Thursday and can see further upside of up to 11 per cent

Mindtree surges 12%, hits new high on strong September quarter earnings

The brokerage firm ICICI Securities is of the opinion that all positives seem to be largely priced in at the CMP for Mindtree and hence the stock may see limited upside from here on

Mindtree second quarter net profit up by 57% to Rs 399 crore

The company had posted a net profit of Rs 253.7 crore in the corresponding quarter a year ago.

Stocks to Watch: Infosys, Wipro, MindTree, RIL, Tata Motors, PFC, airlines

Infosys, Wipro and MindTree on investors' radar ahead of the September earnings. Airline stocks also likely to be in limelight as aviation ministry allows 100 per cent occupancy for domestic flights

Mindtree appoints key personnel to expand Europe and APAC presence

Names three Chief Business Officers--one for DACH nations, another for Nordics and Benelux, and a third for Asia-Pacific

Further upsides in Mindtree may be capped, headwinds foreseen

Supply side pressures could hit its efforts to maintain margins above 20 per cent

Wipro, TCS: These IT stocks can soar 15% despite being in 'overbought' zone

While Wipro does show some weakness, the overall trend, so far, has not been dented by the selling pressure

From Mindtree to Tech Mahindra, IT tops sectoral charts in August

Mindtree is the top performer among IT firms for the month with returns of 27.2 per cent, followed by Nelco and Tech Mahindra

Mindtree rallies 6%, hits new high in a weak market; zooms 101% in 6 months

In Q1FY22, the company saw healthy order book led by closure of certain deals (especially BFSI), increase in multi-year deals , renewals, higher demand from retail & CPG clients

Here's a Bull Spread strategy on Mindtree by HDFC Securities

The stock price has broken out on the daily line chart, with higher volumes, to close at all-time high levels

Good Q1 start has set the tone for growth this fiscal: Mindtree CEO

In a Q&A, Debashis Chatterjee talks about the growth drivers, how the company's 4x4x4 strategy has panned out and the rising attrition

Margin pressures, valuations could restrict Mindtree's upside

The Street, however, is bullish on revenue growth prospects this year for Mindtree as well as for the midcap IT space

Mindtree surges 9%, hits new high on healthy June quarter results

Strong Q1, healthy deal pipeline and employee addition indicate robust growth for Mindtree in FY22E, ICICI Direct said in a note

Stocks to watch: Infosys, Mindtree, Barbeque-Nation, Torrent Power, Vedanta

ICRA has upgraded credit rating for the bank facilities of Barbeque-Nation Hospitality

Mindtree Q1 net profit rises 61% to Rs 343 cr; revenue up 20%

In dollar terms, Mindtree's revenue grew 7.7% sequentially and profit was up by 7.5%

Stocks to watch: Mindtree, Vodafone Idea, RIL, IDBI Bank, Shilpa Medicare

Mindtree, Tata Metaliks, Deccan Health Care, Shree Ganesh Remedies and WS Industries are among eight companies that will release quarterly earnings today