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LTIMindtree Ltd (LTIM)

₹4634.7▲1.95%

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Overview
Fundamentals
Q3 '23 Results
Technicals
News and Events

LTIMindtree Ltd share Performance

  • ₹4591.5
    ₹4687.75
    ₹4634.7
    downward going graph

    0.93%

    Low

    Day's Volatility:2.08%

    High

    1.14%

    downward going graph
  • ₹4153.05
    ₹6442
    ₹4634.7
    downward going graph

    10.39%

    Low

    52 Weeks Volatility:49.39%

    High

    38.99%

    downward going graph
1 Month Return-4.99 %
3 Month Return-13.97 %
1 Year Return12.91 %
Previous Close₹4,726.80
Open₹4,659.95
Volume14.95L
Upper Circuit-
Lower Circuit-
Market Cap₹1,39,990.50Cr

Analyst Rating

based on 36 analysts

HOLD
30.56%
Buy
33.33%
Hold
36.11%
Sell

Based on 36 analysts offering long term price targets for LTIMindtree Ltd. An average target of ₹5450.14

Source: S&P Global Market Intelligence

Company Information

LTI Mindtree Ltd is an Indian multinational IT services and consulting company that was incorporated in 1999. It is headquartered in Bengaluru, India and offers a wide range of services and solutions that include digital transformation, enterprise applications, cloud computing, product engineering, and more.

LTI Mindtree Ltd has operations in more than 20 countries and has over 21,000 employees. Their top products include enterprise applications, cloud services, analytics, mobility, and digital transformation. Their popular brands include Mindtree Kaleidoscope, Mindtree Consulting, and Mindtree Services.

The company provides services to various industries such as banking, financial services, insurance, manufacturing, media, entertainment, retail, travel, transportation, and hospitality.

Share Price: ₹4634.70 per share as on 25 Apr, 2024 04:01 PM
Market Capitalisation: ₹1,39,990.50Cr as of today
Revenue: ₹9,016.60Cr as on December 2023 (Q4 23)
Net Profit: ₹1,169.30Cr as on December 2023 (Q4 23)
Listing date: 21 Jul, 2016
Chairperson Name: S N Subrahmanyan
OrganisationLTIMindtree Ltd
HeadquartersMumbai
IndustryIT - Software
E-voting on sharesClick here to vote

Key events for LTIMindtree Ltd

  • LTI Mindtree Q4 Results Declared; Consensus Recommendation is to Hold - 26 Apr, 2024

    LTI Mindtree's Q4 revenue increased by 2.32%, but profit decreased by 1.24% YoY. The consensus recommendation as of 26 Apr, 2024 was to Hold.

  • LTIMindtree Shares Slip After Weak Q4 Earnings Report - 25 Apr, 2024

    LTIMindtree's Q4 revenue missed estimates, leading to global brokerages cutting their target prices. Nomura reiterated its 'Reduce' rating with a TP of INR 4,170. Despite management indicating a return to growth path from April, valuations remain rich. We retain REDUCE with a TP of Rs5,000/share.

  • LTIMindtree Reports Drop in Quarterly Revenue - 24 Apr, 2024

    India's sixth-largest IT services firm, LTIMindtree Ltd, reported a decline in quarterly revenue for the first time since its inception, with full-year revenue up by 4.4% YoY.

  • LTIMindtree Q4 Revenue Expected to Decline Slightly - 23 Apr, 2024

    LTIMindtree Ltd is expected to report a marginal decrease in revenue for the January-March quarter due to extended furloughs and rampdowns. Net profit is forecasted to decrease by 2.2% QoQ to Rs 1,143.1 crores.

  • Challenges Threaten Integration Process for LTIMindtree - 19 Apr, 2024

    LTIMindtree is facing headwinds in its integration process due to senior level exits, lack of revenue synergy, and insider selling. The stock is under pressure with concerns about integration-related challenges following the merger process.

  • LTIMindtree Collaborates with Vodafone for IoT Solutions; Target Price Slashed by Macquarie - 18 Apr, 2024

    LTIMindtree has partnered with Vodafone to provide IoT solutions. However, Macquarie has slashed the company's target price to Rs 6,250 from Rs 7,050 due to merger synergies hitting a rough patch.

  • Foreign Portfolio Investors Sell Indian Stocks, Bearish Bets Build Up on LTI Mindtree - 17 Apr, 2024

    Foreign portfolio investors sold Indian stocks worth ₹4,468 crore while domestic counterparts bought shares worth ₹2,040 crore. There was a fresh build-up of bearish derivative bets in LTI Mindtree, Infosys, Mphasis, Wipro and Info Edge.

  • Senior Executives Resign from LTIMindtree Amid Stock Slump - 16 Apr, 2024

    LTIMindtree witnesses a spate of senior-level exits, including two executive vice presidents, causing the stock to slump 25% year-to-date. Meanwhile, GameDriver partners with LTIMindtree to offer automated testing solutions through its AI-driven software delivery acceleration platform.

  • LTIMindtree Introduces Composable Storefront Solution - 10 Apr, 2024

    LTIMindtree has introduced Composable Storefront Quick Launch, a cohesive solution for composable storefront built on Salesforce Commerce Cloud that enables retailers to create customized shopping experiences and increase business growth.

  • LTIMindtree Management Change Potential Concern - 08 Apr, 2024

    The potential management change at LTIMindtree is a concern for investors as CEO Debashis Chatterjee would be close to 60 years of age when his term ends in 2025. The company's senior management discussed the issue during their annual strategy meeting.

  • LTIMindtree Partners with Aforza for Digital Transformation - 05 Apr, 2024

    LTIMindtree has announced a strategic partnership with Aforza to deliver digital transformation in Customer relationship management (CRM) & Trade promotion management (TPM) across the consumer products industry. The partnership aims to empower businesses to grow profitably and safeguard margins through comprehensive omnichannel pricing control.

  • LTIMindtree Partners with Aforza for Training Academy - 04 Apr, 2024

    LTIMindtree has partnered with Aforza to establish a training academy for the Consumer Products industry. The partnership aims to support front-office operations, enhance planning capabilities, boost field productivity, and increase distribution. However, JP Morgan expects negative leverage for LTIMindtree.

  • LTIMindtree Ltd's Conservative Balance Sheet and Positive EBIT Growth - 01 Apr, 2024

    LTIMindtree Ltd has a conservative balance sheet, with more cash than debt, indicating it can manage its debt safely. The company grew its EBIT by 72% over the last twelve months, making it easier to handle its debt. Additionally, LTIMindtree recorded free cash flow worth 63% of its EBIT over the most recent three years, which means it can reduce its debt when it wants to.

Fundamentals of LTIMindtree Ltd

Insights on LTIMindtree Ltd

Insights help you understand the recent movement of the company's critical parameters, giving you an overall view of the company.

  • imgPOSITIVE IMPACT

    Retail Holding Up

    img

    Retail Investor have increased holdings from 9.78% to 9.95% in Mar 2024 quarter

  • imgPOSITIVE IMPACT

    Revenue Rich

    img

    Revenue is up for the last 4 quarters, 8.75K Cr → 9.23K Cr (in ₹), with an average increase of 1.8% per quarter

  • imgPOSITIVE IMPACT

    Profit Spike

    img

    Netprofit is up for the last 5 quarters, 1.00K Cr → 1.16K Cr (in ₹), with an average increase of 3.7% per quarter

  • imgNO EFFECT

    Against Peers

    img

    In the last 3 years, HCL Technologies Ltd has given 59.3% return, outperforming this stock by 39.1%

  • imgNO EFFECT

    Against Peers

    img

    In the last 1 year, HCL Technologies Ltd has given 40.4% return, outperforming this stock by 27.5%

  • imgNEGATIVE IMPACT

    Promoter Holding Down

    img

    Promoters have decreased holdings from 68.64% to 68.60% in Mar 2024 quarter

  • imgNEGATIVE IMPACT

    FII Holding Down

    img

    Foreign Institutions have decreased holdings from 8.65% to 7.86% in Mar 2024 quarter

  • imgNEGATIVE IMPACT

    Price Dip

    img

    In the last 1 month, LTIM stock has moved down by -5.0%

  • imgNEGATIVE IMPACT

    MF Holding Down

    img

    Mutual Funds have decreased holdings from 7.06% to 6.22% in Mar 2024 quarter

LTIMindtree Ltd Valuation

LTIMindtree Ltd in the last 5 years

  • Overview

  • Trends

Lowest (15.25x)

March 23, 2020

Today (30.53x)

April 24, 2024

Industry (33.45x)

April 24, 2024

Highest (61.22x)

November 17, 2021

LowHigh

Mutual Fund Holdings

Funds Holdings
UTI Flexi Cap Fund - Growth Option - DirectUTI Flexi Cap Fund - Growth Option - Direct4.65%
Tata Digital India Fund Direct GrowthTata Digital India Fund Direct Growth6.04%
ICICI Prudential Technology Fund Direct Plan GrowthICICI Prudential Technology Fund Direct Plan Growth4.76%
Mirae Asset Large Cap Fund Direct Plan GrowthMirae Asset Large Cap Fund Direct Plan Growth0.91%
Aditya Birla Sun Life Digital India Fund Direct Plan GrowthAditya Birla Sun Life Digital India Fund Direct Plan Growth6.71%

Shareholding Pattern

InvestorsHoldings %Prev. 1 periods3M change
Promoter Holdings
68.6%
0.00
Foreign Institutions
7.86%
0.00
Mutual Funds
6.22%
0.00
Retail Investors
9.95%
0.00
Others
7.37%
0.00

Technicals of LTIMindtree Ltd share

News & Events of LTIMindtree Ltd

Frequently Asked Questions

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LTIMindtree Ltd (LTIM) share price today is ₹4634.7

LTIMindtree Ltd is listed on NSE

LTIMindtree Ltd is listed on BSE

  • Today’s highest price of LTIMindtree Ltd is ₹4687.75.
  • Today’s lowest price of LTIMindtree Ltd is ₹4591.5.

PE Ratio of LTIMindtree Ltd is 30.53

PE ratio = LTIMindtree Ltd Market price per share / LTIMindtree Ltd Earnings per share

Today’s traded volume of LTIMindtree Ltd(LTIM) is 14.95L.

Today’s market capitalisation of LTIMindtree Ltd(LTIM) is ₹139990.5Cr.

LTIMindtree Ltd(LTIMPrice
52 Week High
₹6442
52 Week Low
₹4153.05

LTIMindtree Ltd(LTIM) share price is ₹4634.7. It is down -28.05% from its 52 Week High price of ₹6442

LTIMindtree Ltd(LTIM) share price is ₹4634.7. It is up 11.60% from its 52 Week Low price of ₹4153.05

LTIMindtree Ltd(LTIMReturns
1 Day Returns
-92.1%
1 Month Returns
-4.99%
3 Month Returns
-13.97%
1 Year Returns
12.91%