Neutral on LTIMindtree, target price Rs 6600: Motilal Oswal

Motilal Oswal has neutral call on LTIMindtree with a target price of Rs 6600. The current market price of LTIMindtree Ltd. is Rs 5672.5.

LTIMindtree Ltd., incorporated in the year 1996, is a Large Cap company (having a market cap of Rs 185921.00 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 31-12-2023, the company reported a Consolidated Total Income of Rs 9236.10 Crore, up 2.07 % from last quarter Total Income of Rs 9048.60 Crore and up 5.29 % from last year same quarter Total Income of Rs 8771.80 Crore. Company reported net profit after tax of Rs 1169.30 Crore in latest quarter.


Promoter/FII Holdings
Promoters held 68.66 per cent stake in the company as of 30-Sep-2023, while FIIs owned 8.11 per cent, DIIs 12.81 per cent.