Reuters logo
a month ago
BUZZ-India's Mindtree hits over 2-1/2-mth low on weak qtrly results
July 20, 2017 / 4:13 AM / a month ago

BUZZ-India's Mindtree hits over 2-1/2-mth low on weak qtrly results

** Mindtree Ltd falls as much as 4.3 pct to 485 rupees, its lowest since May 5

** IT company's June-qtr profit fell 1.6 pct to 1.22 billion rupees ($19 mln)

** Co's revenue growth guidance of high single digit appears stretched and EBITDA improvement likely to be tail ended, say analysts at Investec

** Stock on track to post fourth straight session of losses

** Stock down 2.9 pct this year as of Wednesday's close

$1 = 64.3250 Indian rupees

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below