dividend stock, Dividend Stock: After announcing the dividend.. Mindtree stock soared.. Shareholders in happy mode!! – mindtree company announces its final dividend to its shareholders

As today’s stock market started with a boom, many companies started with a green index. The main reason for that is the recent net profit earned by the companies.

Accordingly, Mindtree has released its second quarter results for the current financial year. The company has made more profit than expected. Following this, the company’s board of directors has announced that it will pay final dividends to its shareholders.

Following this, the company’s share price has been trading with an increase of more than 4% in the stock market as investors have bought and accumulated shares of the company.

Similarly, L&T infotech group’s share price is also seen higher as it posted strong second quarter results.

The Bengaluru-headquartered IT firm has announced a final dividend of Rs 27 per equity share of Rs 10 each to its shareholders for the financial year ended March 31, 2022.

Its consolidated net profit for the quarter ended September 2022 was Rs. 508.7 crores the company recorded. In the same quarter last year, Rs. 398.9 crore, a growth of 27.5 percent. Revenue from operations stood at Rs 3,400.4 crore.

Similarly, it was 31.5 percent higher than Rs.2,586.2 crore in the same quarter of the previous financial year. Sequential profit rose 7.9 percent and revenue rose 8.9 percent.

The price per share of the company rose 4% to Rs 3,358.05 today. And it is predicted that the price of this stock will increase in the future. And traders may add the stock to their watchlist to track its growth.

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