News for Mindtree Limited (MINDTREE.BO)

The bank intends to reduce the proportion of these contractors from 50% to 20% as part of its strategy to enhance internal capabilities.

Trump's proposed 25% tariffs on goods from Canada and Mexico, along with a cumulative 20% levy on China, are set to take effect at 10:31 a.m. IST on Tuesday. The U.S. president also announced reciprocal tariffs starting April 2.

Mphasis was top loser on the Nifty IT index today. Other losers from the IT pack were Coforge (1.90%), LTI Mindtree (1.70%) and L&T Technology Services dropping 1.74%, respectively.

Buzzing stocks, stocks to watch: Religare Enterprises, Bajaj Finance, YES Bank, ICICI Bank, NTPC, Ceigall, TVS Motor, Happy Forgings, Adani Wilmar, DroneAcharya, LTIMindtree, Spencer’s Retail, Solex Energy, Max Estates, Suzlon, Torrent Power, Arvind SmartSpaces

Chaturvedi will resign as wholetime director and president of markets at LTIMindtree on January 27, 2025 after serving the company since 2016

Indian markets closed lower, with a 2.3% decline for the week amid sectoral selling. Key stock recommendations include buy calls for LTI Mindtree, Uno Minda, and IRCTC, alongside sell calls for PNB Futures and HAL based on technical setups indicating bullish or bearish trends.

HCL Technologies, Bharat Electronics, LTI Mindtree, Siemens, and Sun TV Network are the top five companies with the largest estimated excess cash reserves, said the report. The IiAS assessment, drawn from FY24 financial statements, also accounts for acquisitions and announced capital expenditures after the balance sheet date.

LTIMindtree’s bold ambition hinges on double-digit growth over the next 8 years, adding $800-plus million in incremental revenue each year.

LTIMindtree aims for $10 billion in revenue by 2032, joining peers like Coforge and Sonata in setting lofty goals. But shares decline, raising doubts about investor confidence in such aspirations amid uncertainties.

Buzzing Stocks Today, Stocks that will see action today: November 25, 2024 -Adani Group stocks, Zomato, JSW Steel, Waaree Tech, Cochin Shipyard, Aurobindo Pharma, Alembic, Hero MotoCorp, RVNL, CESC, National Fertilizers, Zaggle Prepaid, HG Infra, Divine Power Energy, VST Industries, Mahindra Life

Sensex, Nifty updates on 22nd November 2024 - Sensex closes higher by 1961.32 pts at 79,117.11, Nifty at 23,874.40; Top Gainers: SBI, Bajaj Finance

Life Insurance Corporation of India Ltd. has increased its stake in LTI Mindtree Ltd. from 5.033% to 7.034%, according to an exchange filing on Thursday. The state-run insurer raised its stake by 2.001%—from 1.49 crore to 2.08 crore shares—in the information technology major between Mar. 20 and Nov. 19 this year via open market purchases, the filing showed. The shares were acquired at an average price of Rs 4,950.8 apiece, it added.

EPAM, which follows a January-December fiscal year, closed the September quarter with $1.17 billion in revenue, achieving a compounded quarterly growth rate of 0.48% between 31 December 2021 and 31 September 2024

In calendar year 2024, the stock price of Trent has zoomed 160% As compared to the 18% rally in the BSE Sensex during the same period. It has outperformed the market in the past 10 consecutive years.

Trent shares hit a new high of Rs 7,939.90, following a 4% rally on the NSE after Citi initiated coverage on the stock with a 'Buy' rating and a target price of Rs 9,250.

Latest readings of the US Federal Reserve's inflation data, RIL AGM, Q1 GDP data in focus during the week: Share market today

Stocks including Wipro, LTI MindTree, Bharti Airtel, Brightcom Group, Reliance Power, Eris Lifesciences, ICRA, Motilal Oswal and more may remain under spotlight on Wednesday, June 12, 2024:

Indices open lower, Nifty outlook uncertain, market faces selling pressure, key resistance levels identified for traders.

Sensex fell 434 points to 72,623 and Nifty lost 142 pts to 22,055. BSE investor wealth fell to Rs 388.87 lakh crore.