Mindtree announced that it has received an IDC Insights Award for Excellence in Operations for its IT infrastructure services. The award citesMindtree's MWatch platform, which enables the delivery of consistent and optimized infrastructure operations services through automation.

MWatch is an IT infrastructure management platform that gives users a consolidated, end-to-end view of their infrastructure and applications. It utilizes automation tools that standardize operations, eliminate time-consuming manual processes and improve accuracy and precision. Italso enables users to understand and address the combination of factors that cause inefficient processes and escalate costs.

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Mindtree has received a prestigious award from South Asian Federation of Accountants (SAFA) as a mark of recognition of its strong ethics,excellence in financial reporting and corporate governance. The company won the “SAFA Best Presented Annual Report Award, Integrated Reporting Awards & SAARC Anniversary Awards for the Corporate Governance Disclosures Competition 2018” in the “Communicationand Information Technology Sector.”

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Mindtree Ltd rose for a third straight session today. The stock is quoting at Rs 744.4, up 3.81% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is down around 0.18% on the day, quoting at 11972.95. The Sensex is at 40608.69, down 0.16%. Mindtree Ltd has added around 4.84% in last one month.

Meanwhile, Nifty IT index of which Mindtree Ltd is a constituent, has added around 3.08% in last one month and is currently quoting at 14920.75, up 0.9% on the day. The volume in the stock stood at 24.66 lakh shares today, compared to the daily average of 3.4 lakh shares in last one month.

The benchmark December futures contract for the stock is quoting at Rs 743.65, up 3.32% on the day. Mindtree Ltd is down 14.55% in last one year as compared to a 11.04% gain in NIFTY and a 0.28% gain in the Nifty IT index.

The PE of the stock is 19.11 based on TTM earnings ending September 19.

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Mindtree has been positioned as a Rising Star in threecategories as part of the ISG Provider Lens™ Quadrant report on “Public Cloud - Solutions &Service Partners 2019.

Mindtree was recognized as a Rising Star in the 'Managed Public Cloud Services' category in theU.S. ISG Provider Lens™ report, and in the 'Public Cloud Transformation Services' category inboth the U.S. and Global reports.

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