LTI Mindtree reports strong growth and positive outlook for future performance

LTI Mindtree (LTIM) has reported strong performance for the second consecutive quarter, with growth seen across various verticals and geographies.

The company's revenue has increased significantly, supported by improved realizations and steady bookings, including a significant deal.

Margins have also improved slightly, although it may take longer to see substantial gains.

The outlook for the company remains positive, especially with the China Plus strategy and protectionist measures impacting the tyre industry.

Net hiring is increasing, reflecting high utilization rates and a favorable growth forecast.

LTI Mindtree is well-positioned to take advantage of opportunities in Generative AI, leveraging its expertise in data engineering.

Despite being considered not inexpensive, the company's overall growth trajectory suggests that long-term investors should hold their positions.

LTI Mindtree's current market cap is ₹175,666 crore, with a CMP of ₹5,929.

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