Page 5 - Mindtree

Top headlines: Maruti Suzuki hikes prices; Mindtree Q4 net climbs 54%

Business Standard brings you the top news of the evening

Mindtree Q4 profit up 53% YoY to Rs 317 cr; declares dividend of Rs 17.5/sh

For the year, Mindtree delivered revenues of $1,076.5 million and margin expansion of 680 bps, while increasing their order book by 12.3 per cent

Indices end choppy day in the green; Sensex up 28 pts; Wipro soars 9%

Wipro, which jumped 10 per cent in the intra-day trade and hit a record high of Rs 474 on the NSE, ended as the top gainer on the Nifty after clocking its best performance in Q4 in a decade

Stocks to watch: Wipro, Mindtree, National Fertilizers, Ashoka Buildcon

Government has issued a request for proposals to engage legal advisors, merchant bankers and selling brokers to sell a 20 per cent stake in National Fertilizers via OFS

Subroto, Susmita Bagchi donate Rs 340 crore to set up health facilities

Bagchi is the Odisha Skill Development Authority chairman

TCS, Infosys: These IT stocks may help Nifty50 claim new high

An up move above 26,000 levels may trigger a rally towards 27,000-mark in the Nifty IT index

IT shares in focus; KPIT, L&T Technology, Mindtree hit record highs

The $1.9 trillion Covid relief bill stimulus, if passed, will boost the US economy and will, in turn, positively impact the IT industry, ICICI Securities said in a note

IT shares in focus; TCS, Tata Elxsi scale fresh record highs

Wipro, Mindtree, Mphasis and Coforge from the Nifty IT index were up in the range of 3 per cent to 5 per cent on the NSE

HDFC twins, RIL drive Sensex 834 pts up; Nifty tops 14,500; midcaps outrun

Stock market LIVE updates: India VIX cools off 6%

Mindtree gains 6% on healthy Q3 results; here's what brokerages say

The management said the company was witnessing strong business momentum across all verticals with a significant demand for cloud, data and analytics capabilities

Stocks to watch: Mindtree, Maruti, Adani Green, YES Bank, Apollo Hospitals

The promoter of Adani Green Energy, Adani Trading Services LLP, on Monday offloaded shares worth nearly Rs 3,309 crore in the firm

Robust deal wins, strong demand to keep growth momentum high for Mindtree

Ability to sustain margins, valuations could limit stock upside

Mindtree net profit rises 65% to Rs 326 crore in December quarter

On a sequential basis, net profit grew 28.7 per cent and revenue was up 5.1 per cent.

L&T-owned Mindtree third quarter profit rises 29% to Rs 327 crore

L & T-owned digital transformation company Mindtree reported 28.7 per cent sequential growth in consolidated profit at Rs 327 crore for the quarter ended December 2020 as compared to Rs 254 crore in Q2 FY21.Consolidated revenue grew by 5.1 per cent quarter-on-quarter to Rs 2,024 crore and dollar revenue increased by 5 per cent to USD 274.1 million during the October to December period 2020.The bounce in numbers was backed by growth across verticals and robust margin expansion with a strong order book."The third quarter has by far been the best performing in recent years, backed by broad-based revenue growth of 5 per cent across verticals and service lines, robust margin expansion of 350 basis points and a healthy order book of USD 312 million (against USD 303 million in Q2FY21)," said Debashis Chatterjee, Chief Executive Officer and Managing Director."We are witnessing strong business momentum across all verticals with significant demand for cloud, data and analytics capabilities.

Nifty IT index, Infosys, TCS at record high; charts signal more upside

Edelweiss Securities says that the robust tech up-cycle would benefit firms like HCL Technologies, Infosys, TCS, and Tech Mahindra

Tough task ahead for Malavika Hegde, the new CEO of Coffee Day Enterprises

While her appointment came as no surprise, she will have to rebuild a struggling enterprise that has been selling its non-core assets to prune its debts

Execution issues, margin pressure to cap Mindtree's gains from new strategy

Valuations too leave little upside from current levels

Order book already 10% higher than H1 last year, says Mindtree CEO & MD

We are very confident that the growth momentum will continue, said CEO Chatterjee

Consistent revenue growth to remain key for Mindtree stock: Experts

Its ability to support current margin may support the valuation

MARKET WRAP: Sensex ends 255 pts higher; financial, metal stocks advance

All that happened in the markets today