Since October 2025, IT index has rallied 17 per cent, as compared to 6 per cent rise in the Nifty 50.
IMFA, LTIMindtree and Coforge among breakout buys recommended by Kunal Kamble of Bonanza on strong momentum and volume signals
In the past one month, TCS, Infosys, Tech Mahindra, HCL Technologies, LTIMindtree, Persistent Systems and L&T Technology Services have rallied between 9 per cent and 15 per cent.
Tech companies are, typically, at an advantage when the Indian Rupee depreciates against the Dollar
Analysts attributed the up move to a pullback rally after sharp declines in past sessions. The index is currently 22.72% below its 52-week high of 46,088.90 and is down about 14.8% so far this year.
The company's focus on vendor consolidation and AI-driven transformation engagements has strengthened its medium-term growth visibility
Nuvama noted that IT services companies outperformed expectations in Q2, supported by stronger growth, margin expansion, and healthy deal wins
Since September 30, the Nifty IT index has outperformed the market by surging 6.4 pee cent as compared to a 4-per cent rise in the Nifty 50 index
LTI Mindtree stock price: Excels with top-tier quality and a significant earnings surprise, making it a robust choice for investors seeking financial stability and recent positive estimate revisions.
The multi-year contract strengthens LTIMindtree's large-deal momentum as IT firms focus on cost optimisation and efficiency-led growth in a cautious spending climate
The partnership aims to enhance operational efficiency using artificial intelligence, automation, and process optimisation
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On the bourses, LTIMindtree share rose as much as 2.32 per cent to hit an intraday high of 5750.60 per share.
Around 7:20 AM, GIFT Nifty futures were down 41.6 points at 25,614.5, indicating a negative start.
LTIMindtree's Q2FY26 profit rose 10.4% to Rs 1,381 crore and revenue grew 10.2% to Rs 10,394 crore, driven by BFSI and manufacturing segments and strong large deal wins
LTIMindtree's deal wins for the quarter totaled $1.59 billion, compared with $1.63 billion in the previous quarter and $1.3 billion a year earlier
However, thus far in the calendar year 2025, the IT index has underperformed the market by falling 20 per cent, as against 4.7 per cent rise in the BSE Sensex
In its largest strategic deal, LTIMindtree entered a multi-year agreement with a leading global media and entertainment firm
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