LTIMindtree share drops 10% in four days after listing
Extending losing streak for the fourth straight session, LTIMindtree shares declined as much as 2.4% to hit an intraday low of ₹4,575 on the BSE
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LTI-Mindtree merged entity ‘LTIMindtree’ falls 2% on listing
Last month, L&T Group announced the merger of its IT subsidiaries in a share swap deal at a ratio of 73 shares of LTI for every 100 shares of Mindtree.
Mindtree-L&T Infotech merger completed; becomes 5th largest IT company by m-cap
As per the agreement, the merger will be a share swap deal at a ratio of 73 shares of LTI for every 100 shares of Mindtree.
Mindtree Q2 net profit grows 27.5% to ₹509 cr; revenue up 31%
The company’s revenue from operations surged 31.5% at ₹3,400.4 crore, compared to ₹2,586 crore in the same period last year.
How Wipro, HCL Tech shares reacted to Q2 results?
Wipro shares fell 6% to hit its 52-week low of ₹383.25 on disappointing earnings, while HCL Tech rose 4% on dividend payout.
L&T Infotech Q1 profit up 27.7% to ₹634 cr on large deal wins
L&T Infotech's revenue rose 30.6% on a YoY basis to ₹4,522.8 cr; Q1 EBITDA margin declined to 18.4% from 18.7% during the same period last year
Mindtree Q1 profit up 37.3% to ₹471 cr
Mindtree’s Q1 FY23 revenue rises 5.5% sequentially in constant currency; EBITDA margins at 21.1%
Sensex, Nifty to rise; Mindtree, Tata Metaliks, HCL Tech, Eveready, UCO Bank, NMDC shares eyed
The Sensex and Nifty are set to open a tad higher on Wednesday, tracking mixed cues from global peers and positive trends on SGX Nifty.
IT sector Q1 preview: Deal execution likely to pick up; margins to take hit
IT heavyweights TCS, Infosys, and Wipro are expected to post constant currency revenue growth in the range of 2.5-4.5% on a quarter-on-quarter basis
Mindtree, L&T Infotech to merge to create $3.5 bn large-scale IT firm
The merger will be a share swap deal at a ratio of 73 shares of L&T Infotech for every 100 shares of Mindtree
