LIC increased its shareholding from 1,49,06,665 shares to 2,08,34,009 shares which translates to a shareholding from 5.033 per cent stake to 7.034 per cent
Stocks to watch on November 22, 2024: Here is a list of stocks from Infosys to Hyundai Motor India which will be on radar today
At 02:31 pm; Nifty IT index, the top loser among sectoral indices, was down 2.3 per cent, as compared to 0.43 per cent decline in the Nifty 50.
The information technology (IT) stocks were in great demand on Wednesday, with Nifty IT index surging 3.56 per cent in intraday deals
Debashis talks about what worked for the company, the combined forces of LTI and Mindtree and how clients are ramping up AI deals
LTIMindtree share price news: he drop in LTIMIndtree shares came after the information technology (IT) company's management gave a cautious commentary for growth in Q3 FY25
The growth driver for the company in terms of geography was the US, which grew 7 per cent Y-o-Y and 2.6 per cent sequentially. Europe was down 1.9 per cent Y-o-Y but grew 2.2 per cent sequentially
Its revenue for the quarter under review came in at Rs 9,432 crore, 5.91 per cent higher than Rs 8,905 crore in Q2 FY24
The Nifty IT index had shed 3% on Wednesday ahead of the US Fed policy decision. Here are the key pivot points to track on top IT stocks with potential upside and downside targets as per charts.
The IT sector is on the cusp of a mild but possibly sustained recovery in client spending, and the impending rate cut cycle should add to the sector tailwinds, according to MOFSL.
Strategic reboots and fresh opportunities drive broker upgrades for the two L&T subsidiaries
Technical Outlook: RECL, PFC can potentially rally up to 17 per cent from here on; while Birlasoft and LTIMindtree may witness a sharp fall, suggests technical charts.
Among individual information technology stocks, LTIMindtree led the charts, soaring 7.76 per cent intraday at Rs 6,198 per share on the NSE
LTIMindtree stock was buzzing in trade on the bourses. The stock rallied as much as 3.61 per cent to hit an intraday high of Rs 5,957 per share.
Q1 earnings impact: In the last two weeks, the NASDAQ has plunged 7 per cent, while the IT index has rallied 7 per cent. Trading strategies for Infy, TCS, HCL Tech and LTIMindtree here.
The share price rose after the company announced that it has secured mutli-million dollar contract extension from Absa Bank.
Debashish Chatterjee, chief executive officer and managing director of LTIMindree talks about the growth drivers
This strengthened partnership solidifies LTIMindtree's leadership in the banking, financial services, and insurance (BFSI) sector
MOFSL upgraded LTIMindtree to BUY with a target price of Rs 7,000 due to its superior offerings in data engineering and ERP modernization, positioning it well to capture the pre-GenAI expenditures.
Domestically, foreign institutional investors were net buyers on July 16, acquiring shares worth Rs 1,271.45 crore, whereas domestic institutional investors sold shares worth Rs 529.48 crore.