Mindtree Ltd eases for fifth straight session

10 Jan 2022 , 01:35 PM

Mindtree Ltd dropped for a fifth straight session today. The stock is quoting at Rs 4573, down 0.61% on the day as on 13:24 IST on the NSE. The benchmark NIFTY is up around 0.83% on the day, quoting at 17960.9. The Sensex is at 60221.62, up 0.8%.Mindtree Ltd has eased around 0.54% in last one month.Meanwhile, Nifty IT index of which Mindtree Ltd is a constituent, has increased around 6.39% in last one month and is currently quoting at 38139.85, up 0.56% on the day. The volume in the stock stood at 4.34 lakh shares today, compared to the daily average of 5.84 lakh shares in last one month.

The benchmark January futures contract for the stock is quoting at Rs 4588.75, down 0.7% on the day. Mindtree Ltd jumped 159.48% in last one year as compared to a 24% rally in NIFTY and a 41.91% spurt in the Nifty IT index.

The PE of the stock is 54.71 based on TTM earnings ending September 21.

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