Morgan Stanley reiterated its ‘Overweight’ rating on LTI-Mindtree with a target price of ₹6,800, indicating a potential upside of 13.6% from the current market price of ₹5,987.60. The brokerage highlighted that the company delivered good results with no negative surprises in its Q4FY25 outlook, standing out positively compared to other large-cap peers.
While the weakness in margins is already factored into buyside estimates, the firm expects the ongoing debate on productivity benefits being passed to its top client to resolve in the next one to two quarters, as per management commentary.
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