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Nifty IT Index Gains Over 1 Percent on Positive US Economic Outlook

The Nifty IT index rose over 1% in early trade on December 5, buoyed by positive comments from Federal Reserve Chair Jerome Powell regarding US economic growth. All 10 constituents, including Persistent Systems and L&T Technology Services, saw gains, with Persistent's shares up over 2% after CLSA raised its target price significantly. Bank of America highlighted key trends shaping the IT sector's future, including a recovery in the BFSI sector and a rebound in cloud spending, while artificial intelligence is expected to positively impact the industry by 2025.
Moneycontrol
United States Dollar Mindtree L&T Technology Services Limited Persistent Systems Limited USA IND Jerome Powell Donald Trump Show more
Finance & Economy, Market Report
05:49 05.12.2024

LTIMindtree aims for 10 billion revenue with strong growth strategy

Sharekhan has maintained a BUY rating for LTIMindtree with a target price of Rs 7,500, highlighting the company's ambition to reach $10 billion in revenue. The firm has secured over 45 large deals worth $2 billion in the past 18 months and aims for an EBIT margin of 17-18% through its Project North Star initiative. Currently, the stock trades at multiples of 35.6/29.3/24.5x its FY25/26/27E EPS.
Moneycontrol
Mindtree IND
Technology & Innovation, Market Report
06:24 28.11.2024

LTIMindtree targets AI growth amid cautious market outlook and revenue goals

Emkay Global Financial has maintained a REDUCE rating on LTIMindtree, setting a target price of Rs 6,100. At an analyst meet, LTIM highlighted its strategic focus on AI, which is driving recent deal wins and aims for a revenue target of USD 10 billion, alongside a goal of 17-18% EBITM. With discretionary spending still low, clearer visibility for FY26 revenue growth is expected as clients finalize budgets post-US elections.
Moneycontrol
United States Dollar Mindtree IND
Technology & Innovation, Market Report
09:01 27.11.2024

LTIMindtree targets ten billion dollars in revenue by fiscal year 2032

LTIMindtree aims for US$10 billion in revenue by FY 2031-32, supported by strategic acquisitions and a return to double-digit industry growth. The company is enhancing its AI offerings to meet rising demand for Gen AI services and targets a margin increase to 17-18% through various optimization strategies. Analysts maintain a BUY rating with a target price of Rs 7,360, projecting a USD revenue CAGR of 9.7% and earnings CAGR of 13.7% from FY24-27E.
Moneycontrol
United States Dollar Mindtree IND
Technology & Innovation, Market Report
06:56 27.11.2024

LTIMindtree aims for USD 10 billion revenue with strong AI capabilities

Motilal Oswal has maintained a buy rating on LTIMindtree with a target price of INR 7,400, indicating a 19% upside. The company aims for USD 10 billion in revenue and an EBIT margin of 17-18%, leveraging strengths in AI and data engineering, despite facing margin challenges. Increased spending from BFSI clients on transformation projects positions LTIM to benefit as demand strengthens.
Moneycontrol
United States Dollar Mindtree IND
Technology & Innovation, Market Report
05:30 27.11.2024

brokerage updates on ltimedia and morgan stanley target adjustments

Morgan Stanley has set an overweight rating for LTIMindtree with a target price of ₹7,050 per share, noting a strong deal pipeline and new client additions despite elusive discretionary spending. Meanwhile, Nomura has reduced its rating, targeting ₹5,140 per share, emphasizing the need for double-digit growth to achieve a 17-18% EBIT margin band as the company aims for $10 billion in revenue by 2031-32 while embracing an AI pivot.
Moneycontrol
Mindtree M&M Siemens Energy AG IND Show more
Finance & Economy, Market Report
03:39 27.11.2024
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