News for Mindtree Limited (MINDTREE.NS)

SoftBank Vision Fund (SVF) II Lightbulb (Cayman) Limited held 15.04% stake in Lenskart, while Platinum Jasmine A 2018 Trust held 12.45% at the time of filing DRHP

Accenture's lowered revenue growth guidance triggered a sell-off in Indian IT stocks, with the Nifty IT index falling 1.5%. Investors are concerned about subdued discretionary IT spending and delayed recovery expectations. While Gen AI bookings showed growth, the momentum slowed, impacting future revenue projections. Interest rate cuts in the US could provide a positive trigger.

LTIMindtree CEO Debashis Chatterjee retires, Venu Lambu appointed as new CEO effective May 31, 2025.

Indian benchmark indices ended lower on Friday, as renewed U.S. tariff concerns weighed on IT and auto stocks, eclipsing broader optimism ahead of domestic GDP data due later in the day.

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.

The changes would make Nifty's valuations look more expensive, a key factor for the unrelenting selling by foreign investors in Indian equities since October.

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

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

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

LTIMindtree extends contract with Nexi Group to enhance technology platforms, focusing on digital payments growth in Europe.

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.

Bharat Electronics Ltd., Trent Ltd., Punjab National Bank, KEC International Ltd.,Torrent Pharmaceuticals Ltd. will be the stocks in focus before going into trade on Friday.Bharat Electronics Ltd. and Trent Ltd. will be replacing Divi's Laboratories Ltd. and LTI Mindtree Ltd. by Sept. 30, 2024, as a part of the reconstitution of the NSE Nifty indices, according to a press release from NSE.

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.

LTIMindtree dreams of breaking into the Indian IT services big league. But consider this: TCS, today, is almost seven times larger; Tech Mahindra, ranked fifth in the pecking order, is 1.5 times its size. LTIMindtree needs to raise its game. Is there a plan?

A significant portion of independent directors on NSE-listed companies are first-timers, with 64% having no prior board experience. This trend is driven by mandates for women directors and board refresh initiatives. Experts suggest a balanced mix of experienced and new directors to ensure effective governance.

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

Vodafone and 26 other stocks are exiting the Nifty 500 index while Trent and Bharat Electronics joined the Nifty 50, from which LTI Mindtree and Divi's Laboratories exited. Effective from September 30, 2024, these changes will come into effected.

JM Financial reports that Canara Bank's addition to the 12-stock Nifty index is projected to attract inflows of $84 million, while Bandhan Bank's removal could lead to outflows of $47 million. The NSE Indices committee announced these changes on Friday, set to take effect from September 30th (based on the closing prices of September 27th).