LTIMindtree shares erase early gains despite Q1 profit beat
Shares of LTIMindtree erased early gains and shed 2 per cent on Friday despite posting a little over 10 per cent profit in Q1GY26. The brokerages offered mixed outlooks on the stock.
Nuvama Institutional Equities continues to like LTIMindtree given its strong delivery capabilities and clientele, and positioning in key verticals. The brokerage has maintained ‘buy’ rating at an increased target price from ₹5,200 to ₹6,200 per share. Nuvama also acknowledged progress in key initiatives under the new leadership, which has contributed positively to growth and margins.
Counting on LTIMindtree’s capabilities in data engineering and ERP modernisation, Motilal Oswal has maintained buy at a target price of ₹6,000 per share. The company’s decent start to FY26, including the largest-ever TCV win and broad-based vertical performance, gives us confidence about our 5.6 per cent CC revenue growth estimate, it said.
Morgan Stanley has maintained equal-weight on the stock at a target price of ₹5,400.
Meanwhile, Choice Institutional Equities believes that the slower deal conversions due to uncertain macro dynamics would delay the margin improvement process to an extent. The firm has retained reduce rating at a revised target price of ₹5,360.
ICICI Securities also retained reduce rating at a trimmed target price of ₹4,740, emphasising that the company has higher exposure to its discretionary portfolio, constraining its growth in the current weak macro.
The digital solutions provider posted a 10.6 per cent increase in consolidated net profit to ₹1,254.1 crore in June 2025 quarter as against ₹1,133.8 crore in the year-ago period. Its revenue from operations for the quarter under review increased 7.6 per cent to ₹9,840.6 crore, compared to ₹9,142.6 crore in Q1FY25.
After a positive opening at ₹5,259.95 against the previous close of ₹5,190.95, the stock hit a low of ₹5,078.05.As at 11.25 am, it was down 1.35 per cent to ₹5,121 on the BSE.
Published on July 18, 2025
