MindTree

CLOSING BELL on July 17: The benchmark S&P BSE Sensex notched a new high of 66,656 in the intra-day trade, while the Nifty50 hit a new record high of 19,732

LTIMindtree was formed after the merger of L&T Infotech (LTI) and Mindtree and commenced trading on the Indian stock market under its new name in December 2022

Thus far in the calendar year 2023, LTIMindtree has outperformed the market by surging 23%, as against 6.5% rise in the Nifty 50 and 5% gain in HDFC.

Stocks to watch on June 28, 2023: HDFC said the announced dates for its merger into HDFC Bank are tentative and subject to completion of certain formalities; JSW Steel could replace HDFC in Sensex

We can say that the merger activities were completed in record time, says Debashis Chatterjee the CEO and Managing Director of the firm

Revenue up by 11.9% Y-o-Y at Rs 8,691 cr

Market experts said, several of these companies were already in violation of the filing rules due to their inability to submit certain forms, thanks to the portal issues

LTIMindtree has emerged as the fifth largest IT services player in terms of market capitalization post-merger

Shareholders of erstwhile Mindtree, delisted from November 23, 2022, have been issued shares of erstwhile LTI in the ratio of 73 shares of LTI (now called LTIMindtree) for every 100 shares of Mindtree

The board of directors of LTI and Mindtree fixed November 24, 2022 as the 'Record Date' for the purpose of determining eligibility of Mindtree shareholders to get shares of the amalgamated company.

Stocks to Watch Today: Fusion MicroFinance set for its market debut today. Meanwhile, in the F&O segment, BHEL, GNFC, PNB and Sun TV Network are ban period on Tuesday.

Creates India's sixth largest IT services and fifth largest in market cap

Larsen & Toubro Infotech and Mindtree merger received the approval from National Company Law Tribunal

A portfolio of richly valued RoE stocks is expected to outperform the broader market over the longer term.

In a Q&A, Debashis Chatterjee, who is also the firm's CEO, talks about the demand environment, merger with LTI and moonlighting

CLOSING BELL: A sharp pull-back in the US overnight triggered the relief rally in our markets on Friday. Benchmark indices however pared gains in the latter half of the trading day.

Stocks to watch today: Bajaj Auto & Shree Cement will post September quarter (Q2FY23) results on Friday, October 14; Infosys posted 11 per cent YoY rise in consolidated net profit to Rs 6,021 cr in Q2

Mindtree signed total contract value (TCVs) worth $518 million, taking its first half of FY23 TCV to $1 billion for the first time ever

BENGALURU (Reuters) - Mindtree Ltd reported a 27.5% jump in second-quarter earnings on Thursday, as the Larsen & Toubro Ltd-backed Indian IT services provider secured more outsourcing orders.

CLOSING BELL: The NSE Nifty 50 swung wildly in a range of 17,112 to 16,957 as the weekly F&O expiry was in focus. The index finally settled with a loss of 107 points at 17,017 .