Thursday 19 July 2018

MindTree slips 9% on profit booking after Q1 results

In past one year, shares of MindTree had outperformed the market by surging 109% as compared to 15% rise in the S&P BSE Sensex till Wednesday. Shares of MindTree have slipped by 9% to Rs 971 on the BSE in intra-day trade on Thursday after the management said that expected revenue growth rate in September quarter (Q2FY19) to be less than that of June quarter (Q1) on reported basis; however, margins are expected to be better in constant currency (CC).


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