Mindtree shares tumbled 5% after Macquarie's rating cut
This Q2, Mindtree's net profit declined by 37.13% year-on-year (yoy) to Rs 94.8 crore, while total income from operations was down by 10.07% yoy to Rs 1182.5 crore.
Macquaire has cut Mindtree's rating to 'underperform' from earlier rating of 'neutral'. Photo: Wikipedia