Lambu stated the company’s delivery operations in the US would see limited impact, given reduced reliance on H-1B visas and the establishment of a strong local hiring engine.
Kotak expects LTIMindtree to report a revenue growth of 6.5 per cent in FY2025, which may further accelerate to 11 per cent in FY2026 from 4.4 per cent in FY2024 on the back of a recovery in the two largest verticals—BFSI and hi-tech.
Buzzing stocks today: Benchmark indices Nifty50, Sensex were trading marginally lower in afternoon deals today. HDFC Bank, ITC, LTI Mindtree, Hero MotoCorp among buzzing stocks on July 5, 2023. Check Nifty gainers, losers.
Nifty IT is currently trading at 21 times one-year forward EPS against the last 15-year average of 18 times. The IT index is trading at a 16 per cent premium over Nifty PE of 18.5 times.
A host of IT counters, including some bluechip names, dropped sharply lower on Monday after the disappointing performance by Infosys in the March 2023 quarter.
Coforge, Atul, Tanla Platforms and RBL Bank, HDFC Life Insurance, Bandhan Bank, JSW Energy and Petronet LNG will report their December quarter results today.
Vedanta's low cost status in zinc and efforts to reduce its aluminium CoP below $1,500 per tonne on a sustainable-basis will be a long-term positive, said a domestic brokerage
LTI and Mindtree had announced the completion of their merger effective November 14. Mindtree shares were suspended for trading with effect from November 23, one trading day prior to the record date (last date of trading was November 22)
Hindustan Zinc will go ex-dividend today. The company had announced interim dividend of Rs 15.50 per share. The record date for the same is November 24 and the dividend will be paid on December 16
September was seventh consecutive quarter of 5 per cent-plus sequential revenue growth for the IT major. Bengaluru-based IT firm's Ebit margin for the quarter beat analyst estimates while attrition also fell on a trailing twelve month basis.
Mindtree share opened with a loss of 2.19% at Rs 4,640. It touched an intraday low of Rs 4477.25, falling 5.62% on BSE.





