Shareholders of Mindtree will receive 73 shares of LTI in exchange for 100 shares in the former.
Upon the scheme becoming effective, Mindtree shareholders get shares of LTI in the ratio of 73 shares of LTI for every 100 shares of Mindtree
Shares of Zomato hit a new low of Rs 64.70, down 7 per cent on the BSE in Wednesday's intra-day trade
Reports suggest LTI & Mindtree could be eyeing a merger. Besides, the acquisition race for Holcim's India assets is heating up Ultratech Cement reportedly throwing in its hat in the ring
Overall, the Nifty IT index has declined 19 per cent from its historic peak of 39,446 recorded in early January, 2022. Charts indicate 31,000 to 30,000 as the accumulation range for the index.
L&T Infotech's new deal wins and pipeline indicates strong demand environment.
In Q4FY22, EBIT margin moderated by 60 basis points (bp) QoQ and 210 bps YoY to 17.3 per cent due to lower working days and revenue mix
Buoyed by broadbased growth across verticals and geographies, firm posts strongest revenue addition for the fiscal, up nearly 32% YoY; attrition at 24% rises marginally QoQ
According to the technical analyst from Anand Rathi, Symphony may give decent gains in the coming 3 to 4 weeks.
As part of this partnership, the two will promote research towards the development of a low-cost, low-frequency 5G network set-up for better connectivity in rural India
The major IT stocks like Infosys, LTI, Coforge continue to absorb selling pressure at the counters
Accenture reported strong revenue in Q1FY22 and upgraded its annual guidance by a massive 700bps as it continues to gain from demand for Cloud transformation.
Stocks like TCS and LTTS may explore uncharted territories in current market volatility