Medilytix Bureau:

Mindtree share price slipped over 5% today despite the firm reporting a healthy set of earnings in Q3 of the current fiscal. The IT services company posted a 34% rise in consolidated net profit at Rs 437 crore for the quarter ended December 2021 against Rs 326 crore logged in the same period last year.

The stock has fallen after 3 days of consecutive gain. The share opened with a loss of 2.19% at Rs 4,640 on BSE.

It touched an intraday low of Rs 4477.25, falling 5.62% on BSE. The share trades higher than 100 day and 200 day moving averages but lower than 5 day, 20 day and 50 day moving average.

However, the share has gained 161% in one year and  lost 4.75% since the beginning of this year. Total 0.77 lakh shares of the IT firm changed hands amounting to turnover of Rs 35.06 crore on BSE.

Market cap of the firm fell to  Rs 75,278 crore. On Thursday, the stock closed at Rs 4,743.80

The stock hit a 52-week high of Rs 5,059 on November 18,2021 and a 52 week low of Rs 1,539.85 on February 24, 2021.

Leave a Reply

Your email address will not be published. Required fields are marked *