Mindtree Stocks rise by 8.77 Percent

Bangalore: When the markets closed today, Mindtree stocks took a leap by 8.77 percent. After opening the day at Rs. 364.80, the stock touched the day's high of Rs. 426.60, before closing the day at Rs. 392.65. The previous close price was Rs. 361.00 Through the day 39.99 million shares were traded in the market with the current P/E ratio of 15.83. Net profit for the January-March period was Rs. 320 million, down from Rs. 544 million a year earlier. Profit grew 4.9 percent on a sequential basis. The 52 week stock chart is on the left

MindTree formerly MindTree Consulting is an international information technology (IT) consulting and implementation company. It delivers business solutions through global software development. It operates in two units: production engineering (PE) services and IT services. PE services include research and development (R&D) services and software product engineering (SPE). SPE provides full life cycle product engineering, professional services and sustained engineering services.

IT Services offer consulting and implementation and post production support for customers in manufacturing, financial services, travel and leisure and other industries, in the areas of e-business, data warehousing and business intelligence, supply chain management, enterprise resource planning (ERP) and maintenance and re-engineering of legacy mainframe applications.