Both Infosys and LTIMindtree Q3 results came in below Moneycontrol s poll estimates. While Infosys was the most upgraded IT stock in January, LTIMindtree was the most downgraded
LTIMindtree shares witnessed a significant decline in today s trade following the release of the company s Q3FY24 results, which fell short of analyst estimates.
Shares of LTIMindtree tanked more than 13.4 per cent to Rs 5436 during the trading session on Thursday, with a total market captialisation of the company dropped below Rs 1.65 lakh crore.
The bullish stance of analysts is driven by LTIMindtree s better-than-expected performance in Q2 FY24, strong deal pipeline, improving growth in SAP digital, data, and vendor consolidation.
Stocks to watch today: Indian Market is moving in a range and this trend is expected to continue given the data-packed week and monthly derivatives expiry. CMS Info Systems, Tanla Platforms, LTIMindtree among stocks to watch on Wednesday (August 30).