LTIMindtree Ltd Share Price (LTIM)

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.

LTIMindtree Forms Joint Venture with Aramco for Digital Services Company in Saudi Arabia - 24 Mar, 2024

LTIMindtree has partnered with Aramco to establish a next-generation digital and IT services company in Saudi Arabia, aimed at providing technology services for the rapid digitisation of the Saudi market and building a local talent pool. The joint venture will be majority-owned by LTIMindtree.

LTIMindtree Ltd Stock Maintains Positive Trend Despite Weak Sentiment - 23 Mar, 2024

Despite weak sentiment on IT stocks due to poor guidance from Accenture, LTIMindtree Ltd stock maintains a positive trend with a strict stoploss at 4,900 and higher targets of 5,150 and 5,200 expected.

LIC Increases Stake in LTIMindtree; Accenture Cuts Negative for IT Companies - 22 Mar, 2024

Life Insurance Corporation of India has increased its stake in LTIMindtree Ltd while analysts at Kotak Institutional Equities have highlighted that Accenture's cuts in short-cycle discretionary projects will negatively impact companies like Wipro, LTI Mindtree, Mphasis, and Infosys.

Mindtree and L&T Infotech Complete Merger - 21 Mar, 2024

The merger between Mindtree and Larsen & Toubro Infotech (LTI) has been completed, with the two companies now operating as a single merged entity. The merger was announced in May 2022 and is significant for diversified multinational conglomerate L&T. The new company is now the fifth-largest IT services firm in India.

LTIMindtree Ltd Stock Trades Slightly Up - 20 Mar, 2024

Shares of LTIMindtree Ltd traded slightly up at Rs 5091.9, gaining 0.25% in the morning session. The stock has climbed 8.73% in the last one year and reported a net profit of Rs 1168.9 crore for the latest quarter. Promoters hold 68.64% stake in the company as of 31-Dec-2023.