Latest news with #LTIMindtreeLtd
Business Standard
10-06-2025
- Business
- Business Standard
LTIMindtree Ltd up for fifth session
LTIMindtree Ltd is quoting at Rs 5392, up 2.55% on the day as on 12:44 IST on the NSE. The stock is up 9.96% in last one year as compared to a 8.04% spurt in NIFTY and a 11.21% spurt in the Nifty IT. LTIMindtree Ltd is up for a fifth straight session in a row. The stock is quoting at Rs 5392, up 2.55% on the day as on 12:44 IST on the NSE. The benchmark NIFTY is up around 0.13% on the day, quoting at 25136.5. The Sensex is at 82493.19, up 0.06%. LTIMindtree Ltd has risen around 9.14% in last one month. Meanwhile, Nifty IT index of which LTIMindtree Ltd is a constituent, has risen around 0.31% in last one month and is currently quoting at 37669.2, up 1.95% on the day. The volume in the stock stood at 3.38 lakh shares today, compared to the daily average of 3 lakh shares in last one month. The benchmark June futures contract for the stock is quoting at Rs 5393.5, up 2.08% on the day. LTIMindtree Ltd is up 9.96% in last one year as compared to a 8.04% spurt in NIFTY and a 11.21% spurt in the Nifty IT index. The PE of the stock is 35.04 based on TTM earnings ending March 25.
Mint
04-06-2025
- Business
- Mint
Stock Picks: Sagar Doshi suggests Tata Motors, LTIMindtree, ZEEL shares to buy today
Stock market today: The domestic benchmark indices, Nifty 50 and Sensex, experienced a slight increase at the start of trading on Wednesday, following the trend set by their Asian counterparts, despite the imposition of higher US tariffs on steel and aluminum, while investors are anticipating a potential conversation between the leaders of the US and China later this week. The Nifty 50 climbed 0.15% to reach 24,588.65, while the Sensex grew by 0.21% to 80,905.67 as of 9:15 IST. Market analysts suggest that the sturdy foundational factors supporting the market include India's strong and progressive economic indicators and the consistent influx of capital into mutual funds, especially the steady and increasing SIP investments. This indicates that the Indian retail investor is maturing. One significant observation from the Q4 results is that midcap stocks have outperformed both largecap and smallcap stocks. Sagar Doshi of Nuvama Professional Clients Group recommends three stocks - Tata Motors Ltd, LTIMindtree Ltd, and Zee Entertainment Enterprises Ltd (ZEEL). Here's what he says about the overall market. For the past 13 trading days, Nifty 50 has been static within a 2% band, however the highs of 25,000 has been constantly providing supply non index longs. With the index now closing at a 3 week low, it continues to approach its downside target of 24,300 / 24,100 unless a closing above 25,050 is not confirmed. On daily charts, the index has also formed a bearish head and shoulder pattern pointing out to similar targets wherein no support before it hits its 200 DMA can be seen. Nifty 50 has had a nearly 15% run up in the past 6 weeks without a 2% correction. With the price action seen from the start of this week, it is fair for the index to retest 200 DMA support on downside which currently reads below 24,100. Bank Nifty has faced rejection from its previous all-time highs above 56k mark in Tuesday's trading session. Any trade below 55,400 is likely to allow further skidding on the index for lower levels seen near 54,700 / 54,500 as the supply pressure is likely to mount post rejection seen yesterday. On stocks to buy on Wednesday, Sagar Doshi of Nuvama recommended three stocks - Tata Motors Ltd, LTIMindtree Ltd, and Zee Entertainment Enterprises Ltd (ZEEL). Tata Motors share price has seen a 5-7% corrective consolidation in the past 2 weeks of trade which was an after effect of sharp 40% rally before that. With supportive news flow for domestic players in the new EV policy acting as tailwind, passenger vehicle stocks are likely to see further momentum. Tata Motors is a cleaner set up amongst the peer on charts for another 10% rally from CMP. After trading at a 3 year low in April, LTIMindtree share price has been rising within a channel and has gained 25% since its April lows. A typical higher high – higher low formation underlines the bullish set up and inflows on the counter. The stock has widely outperformed its benchmark Nifty IT index on a YTD basis which is down over 13% while LTIMindtree is down 8% in the same period of 2025. A move towards higher range of the bullish channel is likely to unfold for target of 5525. Having run up nearly 50% from its recent low in March – Zee Entertainment Enterprises share price is now breaking out from a short-term consolidation for fresh upside retesting its December 2024 highs. A bullish flag breakout is about to commence for targets aimed 10% higher from CMP. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
Business Upturn
02-06-2025
- Business
- Business Upturn
LTIMindtree shares in focus as company leads race for Rs 1,435 crore PAN 2.0 project
By Aditya Bhagchandani Published on June 2, 2025, 15:21 IST Shares of LTIMindtree Ltd remained in focus on Monday after reports suggested the IT firm is the frontrunner to bag the ambitious ₹1,435 crore PAN 2.0 project from the Income Tax Department. The stock closed marginally higher at ₹5,071, up 0.041% from its previous close of ₹5,068.90. The PAN 2.0 initiative involves complete overhaul and digitization of the PAN system, including design, development, implementation, operations, and maintenance of a unified platform. The project is aimed at making PAN a common business identifier across all specified digital government systems, boosting ease of compliance and streamlining services. Protean, a major current service provider, is also in contention but reports indicate LTIMindtree may have the edge in the bid evaluation process. According to the Request for Proposals (RFP) issued by the ITD, the Managed Service Provider will be responsible for creating a single digital portal enabling paperless operations, efficient grievance redressal, and seamless PAN services. The outcome of this ₹1,435 crore bid could prove pivotal for LTIMindtree's public sector vertical and digital transformation credentials. The market will be closely watching further developments in this regard. Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
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Business Standard
12-05-2025
- Business
- Business Standard
LTIMindtree bags record $450 million deal with global agribusiness firm
LTIMindtree, an Indian IT consulting firm, on Monday announced that it has secured a $450 million multi-year deal with a leader in the global agribusiness sector. The deal, which is the largest in the company's history, will be spread across seven years. AI-powered transformation While LTIMindtree did not mention the firm it has partnered with, it stated that as part of the deal, it will implement an AI-powered operating model to deliver application management, infrastructure support and cybersecurity services. The applications are aimed "at enhancing the client's operational efficiency, scalability and global growth," the company said. "Securing this large deal marks a pivotal milestone as we transform to an AI-driven business model, helping our clients enhance productivity. We are proud to be the trusted partner for one of the world's most respected agribusiness companies," said Venu Lambu, CEO (Designate) and whole-time director of LTIMindtree. Meanwhile, Samir Gosavi, Chief Business Officer – Retail and CPG, said that the deal marks a major breakthrough for their consumer services business. "Our AI-driven operating model will drive measurable business impact in an industry that is evolving rapidly," Gosavi said. LTIMindtree Q4 FY25 results LTIMindtree reported a 2.6 per cent increase in profit in the fourth quarter of the financial year 2024-25 (Q4 FY25) to ₹1,128.5 crore. On a sequential basis, the profit was up 3.9 per cent. Meanwhile, the revenue from operations jumped 9.9 per cent to ₹9,771.7 crore during the same period last financial year. On a quarter-on-quarter basis, the revenue grew 1.1 per cent. For the full year, the company's revenue was up 7 per cent to ₹38,008.1 crore and profit was up 0.4 per cent to ₹4,602 crore. Shares of LTIMindtree Ltd were trading at ₹4,965.50 apiece, a jump of 7.48 per cent at 2.10 pm on the BSE, after the announcement of the deal.
Economic Times
01-05-2025
- Business
- Economic Times
Stock Radar: LTIMindtree gives a breakout from falling wedge pattern; time to buy after over 30% fall from highs
LTIMindtree Ltd, part of the IT sector, gave a breakout from a falling Wedge pattern on the daily charts which suggests that bulls are trying to make a traders with a high-risk profile can look to buy the stock for a target of Rs 4,820 in the next 3-4 weeks, suggest IT stock hit a high of Rs 6,764 on December 16, 2024, but it failed to hold the momentum. It closed at Rs 4,595 on April 29, 2025 which translates
