Mindtree trades higher for sixth straight day, hits new high in a weak mkt

Shares of Mindtree extended their gains into sixth straight trading day, up 1 per cent to hit a fresh record high of Rs 1,277 on the BSE on Thursday. Thus far in the current week, the stock of the leading digital transformation and technology services company has soared 8 per cent after former promoters Krishnakumar Natarajan and Subroto Bagchi sold equity shares worth more than Rs 200 crore via open market.

Krishnakumar Natarajan sold 1.7 million equity shares, amounting to Rs 207 crore, on September 14, 2020 through open market, Mindtree said via a disclosure to the stock exchanges. The company said Subroto Bagchi, too, sold 264,154 shares worth of Rs 32.84 crore on Monday. The name of the buyers could not be ascertained immediately.