LTIMindtree gains on integrating Syncordis and Nielsen+Partner to form Banking Transformation Practice
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LTIMindtree is currently trading at Rs. 5916.60, up by 49.30 points or 0.84% from its previous closing of Rs. 5867.30 on the BSE.
The scrip opened at Rs. 5950.00 and has touched a high and low of Rs. 6010.00 and Rs. 5901.45 respectively. So far 18236 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 6355.00 on 27-Dec-2023 and a 52 week low of Rs. 4120.00 on 23-Jan-2023.
Last one week high and low of the scrip stood at Rs. 6319.95 and Rs. 5853.00 respectively. The current market cap of the company is Rs. 175720.83 crore.
The promoters holding in the company stood at 68.66%, while Institutions and Non-Institutions held 21.06% and 10.28% respectively.
LTIMindtree has integrated its subsidiaries; Syncordis and Nielsen+Partner to form a specialized Banking Transformation Practice (BTP). LTIMindtree’s BTP is uniquely positioned to deliver end-to-end Consulting, Digital and IT services, leveraging commercial off-the-shelf (COTS) products and platforms serving Banks and Capital Market firms.
LTIMindtree acquired Syncordis in December 2017 and Nielsen+Partner in January 2019. Through this integration, LTIMindtree aims to combine complementary capabilities of two successful companies with a proven track record in delivering industry-leading growth. LTIMindtree’s BTP will offer customers significantly enhanced product/platform capabilities, a more diverse set of end-to-end, core-to-consumer offerings further augmented by deeper industry partnerships and a highly skilled talent pool.
LTIMindtree (formerly Larsen & Toubro Infotech) is a global technology consulting and digital solutions company that enables enterprises across industries to reimagine business models, accelerate innovation, and maximize growth by harnessing digital technologies.
