LTIMindtree stock in focus today after announcing largest-ever multi-year deal with global entertainment major

LTIMindtree shares are expected to be in focus on Tuesday after the company announced, post market hours on Monday, that it had signed its largest-ever strategic deal -- a multi-year agreement with a leading global media and entertainment company.

The partnership builds on an existing relationship and will see LTIMindtree spearhead the client’s digital transformation programme, covering automation, process optimisation, vendor consolidation, and delivery-model modernisation to enhance efficiency and service quality, the IT major said in a stock exchange filing.

“This agreement reflects the trust placed in our expertise and our shared commitment to building future-ready enterprises,” said Venu Lambu, Chief Executive Officer and Managing Director of LTIMindtree. “We are proud to deepen our collaboration with a world-class media and entertainment organisation to create a more agile operating framework for sustained growth.”

On Monday, ahead of the announcement, LTIMindtree shares closed 2.93 percent higher at Rs 5,270.00 after trading between Rs 5,121.50 and Rs 5,281.00. Over the past year, the stock has declined nearly 16 percent, moving between Rs 3,802.00 and Rs 6,767.95.