Mindtree posts weak results

MindTree Consulting Ltd just a while ago announced its results. PAT is down QoQ from Rs 24.5 crore for quarter ended March-07 to Rs 20.6 crore for the quarter ended June-07. Revenues were also disappointing and were marginally higher to 161.5 crore.

The stock is facing heavy selling pressure and is down 4% to Rs 702 on the NSE.