Powered by: Motilal Oswal
20-02-2024 10:45 AM | Source: Accord Fintech
LTIMindtree rises on launching Navisource.AI

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LTIMindtree is currently trading at Rs. 5543.30, up by 29.60 points or 0.54% from its previous closing of Rs. 5513.70 on the BSE.

The scrip opened at Rs. 5534.95 and has touched a high and low of Rs. 5590.40 and Rs. 5520.00 respectively. So far 1734 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 6442.65 on 15-Jan-2024 and a 52 week low of Rs. 4130.30 on 21-Apr-2023.

Last one week high and low of the scrip stood at Rs. 5594.95 and Rs. 5406.00 respectively. The current market cap of the company is Rs. 164025.64 crore.

The promoters holding in the company stood at 68.64%, while Institutions and Non-Institutions held 21.57% and 9.78% respectively.

LTIMindtree has launched Navisource.AI, a GenAI powered autonomous sourcing platform. Using the power of AI driven pricing and negotiation engine, the platform aims to reduce overall procurement cost by 10-15 percent.

Navisource.AI revolutionizes procurement with AI, streamlining processes from requisition to risk management. It integrates with LLM and Model Catalogs via Canvas.AI, enhancing enterprise workflows. Compatible with Ariba and SAP S/4HANA, it provides comprehensive navigational and decision-making support. Procurement teams can use Navisource.AI for market research, pricing intelligence and recommendations with cost efficiencies at its core. The analysis engine powered by GenAI understands the requirements and arrives at the best fit sourcing strategy. It also eliminates manual touchpoints and enhances collaboration across supplier, procurement function and requestor. 

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.