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LTIMindtree gains on entering into strategic collaboration with CAST AI LTIMindtree is currently trading at Rs. 5150.00, up by 24.95 points or 0.49% from its previous closing of Rs. 5125.05 on the BSE. The scrip opened at Rs. 5149.95 and has touched a high and low of Rs. 5185.00 and Rs. 5149.90 respectively. So far 606 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 5425.00 on 05-Jul-2023 and a 52 week low of Rs. 4120.00 on 23-Jan-2023. Last one week high and low of the scrip stood ...
LTIMindtree gains on entering into strategic collaboration with CAST AI
LTIMindtree gains on entering into strategic collaboration with CAST AI
Source: Accord Fintech
29/08/2023 9:51:03 AM
FII selling streak caps Nifty upside Domestic equities held on to their positive stance despite mixed global cues. Nifty opened higher and remained in positive territory throughout the session to close with marginal gains of 81 points at 19598 levels, says Siddhartha Khemka, Head - Retail Research, Motilal Oswal Financial Services. Majority of the sectors ended in green with buying seen in IT & Pharma. Markets are likely to trade in a range ahead of RBI policy this week, he said. FIIs continued their selling streak for...
FII selling streak caps Nifty upside
FII selling streak caps Nifty upside
Source: IANS
8/08/2023 9:44:08 AM
Add LTIMindtree Ltd For Target Rs. 5,325 - ICICI Securities Double-digit growth in FY24 unlikely due to weak Q1 result; retain ADD on strong growth prospects LTIM reported Q1FY24 revenue of US$1,059mn, up 0.1% QoQ (lower than I-Sec estimate of 0.6%) and 8.2% YoY in CC terms. EBIT margin at 16.7% was 27bps higher than I-Sec estimate (of 16.4%) on account of operational efficiencies, particularly utilisation, which increased from 81.7% in Q4FY23 to 84.8% in Q1FY24. At PAT level, result was largely in line with our estimate (of Rs11.5bn) with weakness...
Add LTIMindtree Ltd For Target Rs. 5,325 - ICICI Securities
Add LTIMindtree Ltd For Target Rs. 5,325 - ICICI Securities
Source: ICICI Securities Ltd
20/07/2023 12:04:03 PM
Neutral LTIMindtree Ltd For Target Rs.4700 - Motilal Oswal Financial Services Ltd */ LTIM posted revenue growth of 0.1% QoQ/8.2% YoY CC in 1QFY24 vs. our estimate of 0.5% QoQ. Adjusting for 4QFY23 pass-through revenue impact, it grew 0.9% QoQ CC. Growth was led by Hi-Tech, Media and Entertainment (+3.2% QoQ) and Healthcare (+5.0% QoQ), while BFSI, Manufacturing and Retail declined QoQ. EBIT margin stood at 16.7%, in line with our estimate. * While LTIM delivered strong order inflow of USD1.41b in 1Q, the management retracted from providing FY24 guidance and acknowledged...
Neutral LTIMindtree Ltd For Target Rs.4700 - Motilal Oswal Financial Services Ltd
Neutral LTIMindtree Ltd For Target Rs.4700 - Motilal Oswal Financial Services Ltd
Source: Motilal Oswal Financial Services Ltd
18/07/2023 3:46:19 PM
Buy LTIMindtree Ltd For Target Rs. 6,190 - Yes Securities Result Synopsis LTIMindtree (LTIM) reported mixed financial performance for the quarter. While, the revenue growth was slightly below estimate, EBIT margin came above expectation. It reported constant currency growth of 0.1% QoQ, led by BFSI vertical (up 12.1% YoY); Manufacturing and Resources (up 14.9% YoY). On reported basis, revenue grew by 0.1% QoQ in INR terms (up 0.1% QoQ in USD terms). There was sequential improvementin EBIT margin(up 32 bps QoQ) led by lower SG&A cost. Employee...
Buy LTIMindtree Ltd For Target Rs. 6,190 - Yes Securities
Buy LTIMindtree Ltd For Target Rs. 6,190 - Yes Securities
Source: Yes Securities Ltd
18/07/2023 12:46:57 PM
LTIMindtree to replace HDFC in India's Nifty 50 index on July 13 Indian stock exchange NSE on Tuesday said its Index Maintenance Sub-Committee has decided to replace Housing Development Finance Corporation (HDFC) with LTIMindtree in the benchmark Nifty 50 index, effective July 13. The replacement comes after HDFC merged with HDFC Bank on July 1. Analysts had earlier said that LTIMindtree was an expected replacement in the Nifty 50 index after HDFC stops trading. As per preliminary calculations of Nuvama Alternative and Quantitative Research analys...
LTIMindtree to replace HDFC in India's Nifty 50 index on July 13
LTIMindtree to replace HDFC in India's Nifty 50 index on July 13
Source: Reuters
4/07/2023 7:42:32 PM
LTI Mindtree trades marginally higher on launching enterprise-ready generative AI platform `Canvas.ai` LTIMindtree is currently trading at Rs. 5011.00, up by 9.20 points or 0.18% from its previous closing of Rs. 5001.80 on the BSE. The scrip opened at Rs. 5008.05 and has touched a high and low of Rs. 5038.15 and Rs. 4986.75 respectively. So far 3585 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 5360.65 on 15-Nov-2022 and a 52 week low of Rs. 3834.00 on 14-Jul-2022. Last one week high and low of the scrip stood ...
LTI Mindtree trades marginally higher on launching enterprise-ready generative AI platform `Canvas.ai`
LTI Mindtree trades marginally higher on launching enterprise-ready generative AI platform `Canvas.ai`
Source: Accord Fintech
22/06/2023 10:18:43 AM
LTIMindtree Launches A Comprehensive Suite Of Assurance & Compliance Services Platform, Rely, For S/4HANA Programs In Collaboration With Tricentis LTIMindtree [NSE: LTIM, BSE: 540005], a global technology consulting and digital solutions company, in collaboration with Tricentis, a global leader in enterprise continuous testing and quality engineering, has launched its latest suite of automated testing tools for SAP S/4HANA. Called ‘Rely’, the LTIMindtree platform for SAP’s latest-generation enterprise resource planning software offering - S/4HANA – is a comprehensive suite of assurance and compliance...
LTIMindtree Launches A Comprehensive Suite Of Assurance & Compliance Services Platform, Rely, For S/4HANA Programs In Collaboration With Tricentis
LTIMindtree Launches A Comprehensive Suite Of Assurance & Compliance Services Platform, Rely, For S/4HANA Programs In Collaboration With Tricentis
Source: PR Agency
17/05/2023 11:00:29 AM
Buy LTIMindtree Ltd For Target Rs. 4, 960 - Yes Securities Result Synopsis LTIMindtree (LTIM) reported mixed financial performance for the quarter. While, the revenue growth was below estimate, EBIT margin came above expectation. It reported constant currency growth of 0.7% QoQ, led by BFSI( up 2.6% QoQ) and Manufacturing and Resources( up 1.1% QoQ). On reported basis, revenue grew by 0.8% QoQ in INR terms (up 1.0% QoQ in USD terms). There was sequential improvement in EBIT margin(up 250 bpsQoQ) led by lower SG&A cost. Employee attrition ...
Buy LTIMindtree Ltd For Target Rs. 4, 960 - Yes Securities
Buy LTIMindtree Ltd For Target Rs. 4, 960 - Yes Securities
Source: Yes Securities
8/05/2023 3:06:34 PM
LTIMindtree jumps on reporting marginal rise in Q4 consolidated net profit LTIMindtree is currently trading at Rs. 4385.10, up by 64.80 points or 1.50% from its previous closing of Rs. 4320.30 on the BSE. The scrip opened at Rs. 4320.35 and has touched a high and low of Rs. 4440.50 and Rs. 4300.00 respectively. So far 34484 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 5360.65 on 15-Nov-2022 and a 52 week low of Rs. 3733.25 on 26-May-2022. Last one week high and low of the scrip stoo...
LTIMindtree jumps on reporting marginal rise in Q4 consolidated net profit
LTIMindtree jumps on reporting marginal rise in Q4 consolidated net profit
Source: Accord Fintech
28/04/2023 12:43:54 PM
Buy LTIMindtree Ltd For Target Rs. 4,567 - Emkay Global We attended LTIMindtree (LTIM) Investor Day 2023 (on Mar 14), wherein themanagement reiterated its aspiration to achieve US$1bn incremental revenue through cross-sell synergies over the next 2-4 years and reach 19-20% EBIT margins by FY27 i.e. improvement of ~200bps on pro-forma margins of the combined entity as on FY22. Mindtree is stronger in front-end digital solutions and LTI is stronger in back-end ERP related core transformation solutions. Given the complimentary service line expertise...
Buy LTIMindtree Ltd For Target Rs. 4,567 - Emkay Global
Buy LTIMindtree Ltd For Target Rs. 4,567 - Emkay Global
Source: ICICI Securities
10/04/2023 3:19:34 PM
Hold LTIMindtree Ltd For Target Rs. 4,850 - Emkay Global Aiming to sustain industry-leading profitable growth * At its analyst meet, LTIMindtree (LTIM) unveiled its ‘LTIM One’ strategy aimed at enabling it to realize full potential of the merger by driving a unified culture, GTM, and capability & experience across the organization, and delivering sustainable profitable growth. * The company targets achieving USD1bn revenue synergies and delivering industryleading, consistent profitable growth by leveraging the expanded growth ...
Hold LTIMindtree Ltd For Target Rs. 4,850 - Emkay Global
Hold LTIMindtree Ltd For Target Rs. 4,850 - Emkay Global
Source: Emkay Global Financial Services Ltd
4/04/2023 11:47:35 AM
India`s TCS, Infosys have highest exposure to U.S. regional banks - J.P.Morgan Top Indian information technology firms Tata Consultancy Services and Infosys have the highest exposure to regional banks in the United States that are gripped by a financial turmoil, analysts at J.P.Morgan said on Friday. Regional banks in the United States account for 2-3% of their revenue, J.P. Morgan said in a note, adding that the exposure to the recently collapsed Silicon Valley Bank could be 10-20 basis points for TCS, Infosys and smaller rival LTIMindtree, with the Tata group compa...
India`s TCS, Infosys have highest exposure to U.S. regional banks - J.P.Morgan
India`s TCS, Infosys have highest exposure to U.S. regional banks - J.P.Morgan
Source: Reuters
17/03/2023 2:49:29 PM
Buy LTIMindtree Ltd For Target Rs. 5,520 - Anand Rathi Share and Stock Brokers Growth in-line, margins lower due to one-offs; maintaining a Buy With revenue up 2.4% q/q (~1% from pass-throughs) to ~$1,047m, LTI- Mindtree grew on par with the industry and in line with our expectations. TCV was $1.25bn, a book-to-bill of 1.2x (Mindtree operated in the past at 1.2x). The EBIT margin was lower due to more Hi-tech furloughs, employee costs and integration costs which may not recur in Q4, leading to management guidance of a 200bp expansion in Q4. Attrition moved down furth...
Buy LTIMindtree Ltd For Target Rs. 5,520 - Anand Rathi Share and Stock Brokers
Buy LTIMindtree Ltd For Target Rs. 5,520 - Anand Rathi Share and Stock Brokers
Source: Anand Rathi Share and Stock Brokers Ltd
7/02/2023 10:49:48 AM
Indian IT firm LTIMindtree posts profit drop in first quarterly report BENGALURU - Indian IT services provider LTIMindtree reported a 4.7% drop in third-quarter profit on Friday, as rising costs took the sheen off the company's first-ever earnings report. LTIMindtree, formed when the merger of Larsen & Toubro's IT unit with Mindtree closed in November 2022, said net profit fell to 10.01 billion rupees ($123.4 million) in the quarter ended Dec. 31, from 10.05 billion rupees a year earlier. Its revenue from operations rose 25.3% to 86.2 billion r...
Indian IT firm LTIMindtree posts profit drop in first quarterly report
Indian IT firm LTIMindtree posts profit drop in first quarterly report
Source: Reuters
21/01/2023 10:11:40 AM
LTIMindtree Reports Strong Performance in Q3 FY23 India: LTIMindtree [NSE: LTIM, BSE: 540005], a global technology consulting and digital solutions company, announced its consolidated results today for the third quarter ended December 31, 2022, as approved by its Board of directors. “We are pleased to report a strong Q3 FY23, our first as LTIMindtree,” said Debashis Chatterjee, Chief Executive Officer and Managing Director of LTIMindtree. “The combined entity has started out with a USD 1 billion quarterly ...
LTIMindtree Reports Strong Performance in Q3 FY23
LTIMindtree Reports Strong Performance in Q3 FY23
Source: PR Agency
20/01/2023 6:34:54 PM
LTIMindtree Inaugurates Digital Experience Centre in Hyderabad India – : LTIMindtree, a global technology consulting and digital solutions company, has further expanded its Hyderabad operations by setting up a new, state-of-the art digital experience centre in the city Thisnew,100,000 sq. ft. centre will have the capacity to accommodate more than 1,000 professionals. Designed as a modern agile workplace to provide a superior, collaborative working experience, the centrewill drive cutting-edge research and innovationinleveraging the power of...
LTIMindtree Inaugurates Digital Experience Centre in Hyderabad
LTIMindtree Inaugurates Digital Experience Centre in Hyderabad
Source: PR Agency
18/11/2022 4:04:54 PM