Mindtree does well

Mindtree is among the top five gainers on the BSE since the opening bell today. The stock, which had closed on Friday at Rs.780.70, opened higher today at Rs.821 and rose to an intraday high at Rs.858.75. The 15% UC for today is at Rs.897.80. Volumes have jumped up 3 times.

The market seems to be mighty pleased with the Q4FY20 numbers. It posted a 5% (QoQ) jump in net profit at Rs.206 crore on a 4% rise in revenue at Rs.2050 crore.

Its EBIT came in at Rs.351 crore, up 15% while margin was at 17.1%.

The company, as at 31st March 2020, has 307 active clients, which includes 23 $10 million clients.

The Board recommended a Final Dividend of 100% (Rs10 per equity share of the face value of Rs10/- each) for FY20.

Its employee count stood at 21,991.

Its trailing 12 months attrition rate is at 17.4%.