Page 3 - Mindtree

L&T Infotech and Mindtree to merge to create $22-bn firm: Report

The boards of Mindtree Ltd. and Larsen & Toubro Infotech Ltd., two software units, could consider share swap ratios.

L&T Infotech, Mindtree may be merged to create $22-billion firm

For L&T, this merger ties in with the group's vision of becoming more services-oriented

Mindtree Q4 net profit rises 49%, firm declares dividend of Rs 27/share

Revenue rose 37% to Rs 2,897 crore

Mindtree net profit jumps 49% YoY in Q4; revenue up 37.4% to Rs 2,897 crore

The Mindtree management declined to comment on reports of a likely merger with group company Larsen & Toubro Infotech.

Mindtree starts return programme for techies on minimum two-year break

The programme is open to all professionals looking to return to the workforce, the majority of them are expected to be women.

Mindtree: Q3 and guidance strong, but high attrition remains a concern

Valuation at 38x estimated FY23 earnings for last year's top IT stock performer leaves little room for disappointment

In FY23, our fresher hiring will be 40-50% more than FY22: Mindtree CEO

'Our story about profitable growth has been fairly consistent. This is the fourth quarter of 5% plus sequential growth in constant currency,' says Debashis Chatterjee

Mindtree dips 6% on profit booking post December quarter results

As the key positives are already captured, brokerage firm Motilal Oswal Financial Services sees limited upside for the stock hereafter.

Stocks to Watch: Mindtree, HCL Tech, BPCL, Ujjivan SFB, HDFC Bk, Adani grp

HCL Technologies is scheduled to announce Q3 results on Friday, while HDFC Bank will report numbers on Saturday. Adani group stocks may be in focus on the back of MoU with POSCO.

Mindtree Q3 profit up 34% YoY to Rs 438 cr, rises 9.7% sequentially

Attrition for the quarter rose to 21.9%, from 17.7% the preceding quarter

Sensex ends choppy day 85 pts up; Wipro sinks 6%; Nifty Metal rallies 3.5%

Among sectors, the Nifty Metal index zoomed 3.5 per cent on the NSE today while the Nifty Realty index slumped 0.8 per cent

Mindtree, Coforge: These IT stocks look good on charts despite correction

Despite the current corrective phase in IT sector, the overall positive bias seems to be intact for these IT stocks as they hold crucial support levels

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