Mindtree Ltd is up for a fifth straight session in a row. The stock is quoting at Rs 1252.2, up 0.04% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 0.42% on the day, quoting at 11570.45. The Sensex is at 39237.39, up 0.49%. Mindtree Ltd has added around 7.63% in last one month.

Meanwhile, Nifty IT index of which Mindtree Ltd is a constituent, has added around 7.86% in last one month and is currently quoting at 19627.3, up 0.15% on the day. The volume in the stock stood at 5.9 lakh shares today, compared to the daily average of 11.23 lakh shares in last one month.

The benchmark September futures contract for the stock is quoting at Rs 1252.8, up 0.02% on the day. Mindtree Ltd is up 83.88% in last one year as compared to a 6.96% gain in NIFTY and a 25.79% gain in the Nifty IT index.

The PE of the stock is 27.45 based on TTM earnings ending June 20.

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Mindtree has been recognized as a Microsoft Azure Expert ManagedService Provider (MSP). The Azure Expert MSP program signifies Mindtree's expertise in cloud services, assuring Microsoft customers they are working with a trusted partner for the support of Azure implementations.

Mindtree offers Azure managed services to both existing and new customers. The company has a comprehensive cloud management platform aimed at helping customers manage workloads on Azure more efficiently. Its Azure managed CloudOps includes built-in disaster recovery and provides support for customers from assessment through validation. Mindtree has also invested significant resources and efforts in developing its integrated IT infrastructure management and service platform, MWatch, for automation and orchestration of Azure environments.

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Mindtree has allotted 27,670 equity shares of Rs.10/- each under Mindtree Employee Restricted Stock Purchase Plan 2012 (Program 8) (ESPS/ERSP) on 09 September 2020.

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Mindtree announced that it has partnered with Mölnlycke to provide SAP application development and maintenance along with cloud operations. Mindtree will help migrate Mölnlycke's on-premise SAP to Microsoft Azure and accelerate towards a platformled DevSecOps operating model ensuring faster response to business changes and reliable ITsupport.

Mölnlycke is a market-leading supplier of wound care and surgical products and solutions. With this engagement, Mölnlycke will be able to deliver solutions in an agile, reliable, and secure manner which will support key business functions to bring new products to market faster and drive better user experiences.

Mindtree will support and operate the SAP landscape through process transformation andautomation of IT using its platform-led operating model. As part of the engagement, Mindtree willalso automate the testing process to ensure faster system releases.

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