10-10-2023 04:00 PM | Source: Accord Fintech
LTIMindtree soars on partnering with Infineon Technologies for SAP Transformation

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LTIMindtree is currently trading at Rs. 5273.95, up by 68.95 points or 1.32% from its previous closing of Rs. 5205.00 on the BSE.

The scrip opened at Rs. 5230.00 and has touched a high and low of Rs. 5294.00 and Rs. 5213.80 respectively. So far 5945 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 5590.00 on 14-Sep-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. 5294.00 and Rs. 5130.00 respectively. The current market cap of the company is Rs. 156121.14 crore.

The promoters holding in the company stood at 68.66%, while Institutions and Non-Institutions held 20.62% and 10.72% respectively.

LTIMindtree has been selected as a strategic partner for SAP services by Infineon Technologies AG, a global semiconductor leader in power systems and IoT. As a part of this engagement, LTIMindtree will play a pivotal role in supporting Infineon's SAP transformation endeavours, while enabling operational excellence and process efficiencies. In a longstanding collaboration, LTIMindtree has been deeply involved in driving Infineon's SAP Transformation initiative, which is an essential part of Infineon’s digital transformation journey. 

Through this partnership, LTIMindtree supports Infineon to modernise its SAP application landscape, enrich the user experience, streamline business processes, and deliver contemporary digital operations across both SAP S/4HANA and SAP Cloud Solutions. This will be achieved by leveraging advanced automation tools and accelerators from LTIMindtree’s portfolio of offerings.

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.