Important results today: Mindtree, South Indian Bank, Cyient, Trident

RS Software, Systematix Securities and Vimta Labs will announce their quarterly earnings on October 15.

Oct 15, 2020 12:10 IST India Infoline News Service

Quarterly results that are expected today include Mindtree, South Indian Bank, Cyient, Trident, Hathway Cable & Datacom, Rane Brake Lining

Boston Leasing and Finance, Bonlon Industries, Chennai Ferrous Industries, Dolat Investments, Interactive Financial Services, Jupiter Infomedia, Moschip Technologies, RS Software, Systematix Securities and Vimta Labs will announce their quarterly earnings on October 15.

According to the media reports, Mindtree's US dollar revenues to grow by 3.5% qoq led by traction in Top account as well as the ramp-up of select large deals. It expects earnings before interest, and tax (EBIT) margin to improve by 215 bps to 15.9% bps qoq owing to lower forex losses in other expenses.

Stock view:
Mindtree Ltd is currently trading at Rs1,482.60, down by Rs70.9 or 4.56% from its previous closing of Rs1,553.50 on the BSE.

South Indian Bank Ltd is currently trading at Rs6.84, down by Rs0.03 or 0.44% from its previous closing of Rs6.87 on the BSE.

Cyient Ltd is currently trading at Rs374.10, down by Rs0.3 or 0.08% from its previous closing of Rs374.40 on the BSE.

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