Mindtree trades flat despite solid dividend announcement

NEW DELHI: Shares of MindtreeNSE 0.93 % edged up in morning trade on Thursday, recouping earlier losses, following March quarter results.

Around 10:20 am, shares of the company traded 0.38 per cent up at Rs 975.85.

For the quarter ended March 31, the IT firm reported 8.89 per cent YoY rise in consolidated profit at Rs 198.40 crore. It had posted a net profit of Rs 182.20 crore in the corresponding quarter last year. The figure jumped by 3.77 per cent on a quarter-on-quarter basis.