Buy LTIMindtree Ltd For Target Rs. 6,000 by Motilal Oswal Financial Services Ltd

* LTIM is expected to report ~2.0% QoQ CC growth, aided by ramp-up of agri-deal, top account pass-through behind, and cross-currency gains.
* EBIT margin is expected to improve by ~60bp QoQ to ~14.9%, aided by continued cost actions, moderation in SG&A, and timing of wage hikes (likely in 3Q).
* BFSI and Hi-Tech are stabilizing after last year’s strong growth and productivity resets, while Retail/CPG continue to benefit from deal ramp-ups.
* Commentary on demand, deal ramp-up, BFSI/Hi-tech vertical, and margins will be closely monitored.
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