At 9:44AM, LTIMindtree Limited (NSE: LTIM) saw its market capitalization decline by approximately ₹11,344 crore as its stock fell by 4.92% to ₹6,080.00. The stock opened at ₹6,380.00, reached a high of ₹6,380.00, and dropped to a low of ₹6,060.80 during the trading session. The previous close was ₹6,394.45.
The sharp decline in the stock price has brought LTIMindtree’s total market capitalization down to ₹1,79,999.85 crore, from ₹1,91,344 crore at the previous close. The company’s traded volume stood at 2.02 lakh shares, with a traded value of ₹124.72 crore, reflecting the market’s cautious sentiment.
The drop follows the release of LTIMindtree’s Q2 FY25 results, which showed a 7.75% rise in net profit to ₹1,251 crore. Despite the positive earnings, concerns about revenue growth and weaker-than-expected guidance for the upcoming quarter have contributed to the stock’s decline. Several brokerages have expressed concerns over the near-term outlook, particularly regarding growth across various verticals.
As the company navigates these challenges, investors are closely monitoring the stock for signs of recovery.
Disclaimer: The information provided in this article is for informational purposes only and should not be construed as investment advice. Please seek independent financial advice before making any investment decisions.
