LTIMindtree (NSE: LTIM) saw its stock decline by 2.34% to ₹6,245.00 as of 9:19 AM, despite reporting a 7.75% increase in net profit for Q2 FY25 to ₹1,251 crore. The stock opened at ₹6,380.00, reached a high of ₹6,380.00, and a low of ₹6,060.80, with the previous close being ₹6,394.45.
Although the company’s net profit showed growth, investor sentiment remained cautious due to the broader concerns highlighted in the results and by brokerages. Revenue growth showed some softness, and margins were modestly under pressure.
Brokerages have provided a mixed outlook. Nomura maintained its ‘Reduce’ rating, setting a target price of ₹5,140, citing the margin pressure and slower growth visibility. Morgan Stanley, however, retained an ‘Overweight’ rating with a target price of ₹7,050, noting that any near-term weakness in the stock presents a buying opportunity due to sustained momentum in BFSI and large deal pipelines. Jefferies also expressed concerns, cutting its rating to ‘Underperform’ with a target price of ₹5,465, citing weak guidance for Q3 and overall revenue pressures.
With the Q2 results reflecting solid profit growth but margin and revenue concerns, LTIMindtree’s stock remains under pressure as investors await further clarity on growth prospects.
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.
