LTIMindtree saw its shares jump more than 7% this week. The upward trend in LTIMindtree’s stock follows an upgrade from Kotak Institutional Equities, which lifted the target price from ₹5,500 to ₹6,200 and upgraded the stock from a “Reduce” to an “Add” rating.
Analysts credit the rebound to improvements in two important verticals: banking, financial services and insurance (BFSI) and Hi-Tech sectors. The predicted rebound in technology spending, notably in the US BFSI industry, positions LTIMindtree to benefit from higher client investments.
Analysts are concerned about the limited scope for EBIT margin expansion in FY2025, despite the optimistic outlook.
Stock Performance on Friday
– Open: ₹6,152.10
– High: ₹6,173.05
– Low: ₹6,069.00