Meanwhile, the BSE Sensex was up 69.69 points, or 0.42%, to 16,775.52.

On BSE, 14,000 shares were traded in the counter as against an average daily volume of 99,604 shares in the past one quarter.

The stock hit a high of Rs 627.80 and a low of Rs 610.80 so far during the day. The stock had hit a 52-week high of Rs 640.50 on 6 June 2012. The stock had hit a 52-week low of Rs 321.20 on 26 August 2011.

The stock had underperformed the market over the past one month until 18 June 2012, falling 0.48% compared with the Sensex's 3.42% rise. The scrip had, however, outperformed the market in past one quarter, rising 32.50% as against 4.35% fall in the Sensex.

The small-cap IT company has an equity capital of Rs 40.66 crore. Face value per share is Rs 10.

V G Siddhartha, founder of Cafe Coffee Day, bought 15.64 lakh shares of the IT company, representing 3.84% of Mindtree equity, from Walden Software Investments at Rs 610 per share, disclosures on the BSE showed. Walden is a venture fund that, as of 31 March 2012, was holding 39.64 lakh shares, or 9.78%, of the IT company.

MindTree's consolidated net profit rose 13.7% to Rs 68.90 crore on 1.2% growth in total revenue to Rs 525.70 crore in Q4 March 2012 over Q3 December 2011.

MindTree is a global IT and product engineering services company with deep knowledge in specific domains.