Buy LTIMindtree, target price Rs 7000: Motilal Oswal

Motilal Oswal has buy call on LTIMindtree with a target price of Rs 7000. The current market price of LTIMindtree Ltd. is Rs 5655.

LTIMindtree Ltd., incorporated in the year 1996, is a Large Cap company (having a market cap of Rs 168943.43 Crore) operating in IT Software sector.

LTIMindtree Ltd. key Products/Revenue Segments include Software Development Charges & Other Services for the year ending 31-Mar-2023.



Financials
For the quarter ended 30-06-2024, the company reported a Consolidated Total Income of Rs 9369.70 Crore, up 2.96 % from last quarter Total Income of Rs 9100.50 Crore and up 6.07 % from last year same quarter Total Income of Rs 8833.70 Crore. Company reported net profit after tax of Rs 1135.10 Crore in latest quarter.


Promoter/FII Holdings
Promoters held 68.6 per cent stake in the company as of 30-Jun-2024, while FIIs owned 7.28 per cent, DIIs 14.07 per cent.