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Mindtree share approaches record high on strong Q3 earnings
Mindtree stock price has fallen 4% last week. However, the stock has risen over 13% in one month. Year-to-date the stock has gained over 1%
BusinessToday.In | January 19, 2021 | Updated 14:41 IST
Meanwhile, IT index on BSE was up 0.75%, in line with broader indices Sensex and Nifty that rose 1.5% today, trading near record highs
Share of L&T group IT firm Mindtree were trading near record highs in Tuesday s early session after analysts raised the target price for the stock. The company beat earnings estimates in the December quarter.
The mid-sized software services provider posted a 66% YoY growth in its net profit to Rs. 326.5 crore for Q3 FY21 as against Rs 197 crore in a year-earlier period. On a sequential basis, the net profit was up 28.7%. ....

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