Mindtree Ltd., incorporated in the year 1999, is a Mid Cap company (having a market cap of Rs 40210.57 Crore) operating in IT Software sector.
Financials
For the quarter ended 31-03-2021, the company reported a Consolidated Total Income of Rs 2148.20 Crore, up 3.02 % from last quarter Total Income of Rs 2085.30 Crore and up 3.84 % from last year same quarter Total Income of Rs 2068.80 Crore. Company reported net profit after tax of Rs 317.30 Crore in latest quarter.
Investment Rationale
Mindtree has broken out of a classical “Bullish Flag” pattern. Volumes registered on Breakout have also been higher than average. The stock is also trading at fresh All time high levels indicating a strong bullish momentum.
Promoter/FII Holdings
Promoters held 61 per cent stake in the company as of Dec 30, 2020, while FIIs held 13.3 per cent, DIIs 10.6 per cent and public and others 15.1 per cent.
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