LTIMindtree price target: Nirmal Bang noted that there has been several top management exits post the execution of merger between LTI and Mindtree. It suggeted a target price of Rs 4,015 on the stock.
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.
Amid escalating macro uncertainties leading to cautious client spending, LTIMindtree continues to strengthen its position as a partner of choice for their clients, said Choice Broking.