Shares of Mindtree declined more than 1 percent intraday on November 8 after Pradip Kumar Menon, the chief financial officer (CFO) of the company, had resigned.
Menon tendered his resignation as he would be pursuing career opportunities outside the company, Mindtree said in a press release.
Menon will be relieved from the services of the company from the close of business hours on November 15, it added.
The share touched its 52-week high of Rs 996.50 and its 52-week low of Rs 652.50 on April 25 and July 22 respectively.
Currently, it is trading 29.37 percent below its 52-week high and 7.86 percent above its 52-week low.Get access to India’s fastest growing financial subscriptions service Moneycontrol Pro for as little as Rs 599 for first year. Use the code “GETPRO”. Moneycontrol Pro offers you all the information you need for wealth creation including actionable investment ideas, independent research and insights & analysis For more information, check out the Moneycontrol website or mobile app.
courtsey By – https://www.moneycontrol.com/news/buzzing-stocks/mindtree-share-price-dips-1-post-cfo-resignation_13161281.html