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Zomato will replace JSW Steel in the Sensex index starting December 23, as announced by BSE. Additionally, several changes will occur in other indices, with companies like Ashok Leyland and IDFC First Bank being dropped from BSE 100, while Jio Financial Services and others will be added. In the BSE SENSEX 50, HDFC Life, BPCL, and LTI Mindtree will be replaced by Zomato, Jio Financial, and HAL.
LTI Mindtree reported a strong quarterly performance, achieving consecutive revenue growth driven by improved realizations and broad-based recovery across various sectors. While valuations remain high, the medium-term outlook is positive, supported by steady bookings and a focus on Gen AI opportunities. The company is positioned for long-term growth with increased net hiring and utilization rates.
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