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India's LTIMindtree extends gains on $450 mln deal

ReutersMay 12, 2025 8:22 AM

India's LTIMindtree LTIM.NS extends gains to trade 7.6% higher at 4,975.60 rupees

India's No. 6 IT services exporter secures $450 mln multi-year deal, its largest-ever

Stock on track for fourth straight gaining session

Co says deal with "global agribusiness leader" without naming the company

LTIM was up 5.9% before the news, in tandem with other IT stocks .NIFTYIT which are up ~6% as global recession worries ease

Avg rating of analysts on LTIM at "buy"; median PT is 4,843.50 rupees - data compiled by LSEG

Stock down 11% YTD vs IT index's 12.4% decline

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