LTIMindtree logs in 22% rise in Q4 revenue, but flat profit keeps brokerages divided
News2023-04-28
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IT firm, LTIMindtree posted flat profit for the quarter ending March 2023 at Rs 1,114 crore while reporting a 22 percent jump in revenue at Rs 8.691 crore. Street sentiment is mixed with IDBI Capital upgrading its rating from #39;hold#39; to #39;buy#39; and expects the company to return to strong growth trajectory in FY25. However, Kotak Institutional Equities has given the stock a #39;reduce#39; rating and expects a slow start to FY24.
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