LTIMindtree shares surged nearly 2% after the Life Insurance Corporation of India (LIC) increased its stake in the company from 5.033% to 7.034% between March and November 2024. This strategic move signals LIC’s growing confidence in LTIMindtree’s strong growth trajectory.
The increased investment by LIC reflects its trust in LTIMindtree’s potential to deliver long-term value, bolstered by the company’s consistent performance in the IT and digital transformation space.
As of 9:51 am, LTIMindtree shares were trading 1.29% higher at Rs 6,007.30 on the NSE.
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