LTIMindtree needs to demonstrate visible translation of synergies to deals and revenue, and increase the growth gap with Tier 1 peers to justify premium valuations, said Kotak Institutional Equities.
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.