ICICI Direct's research report on LTIMindtree
LTIMindtree (LTIM) is the merged entity formed after the merger of erstwhile Mindtree with LTI. It offers application development, IMS, digital solution services to BFSI, retail, health, media & hi-tech verticals. LTIM has 750+ clients and combined annual revenue over US$3.5 bn + • LTIM has a combined employee strength of 86,000+ across 30+ countries.
We maintain our BUY rating on the stock. We value LTIM at Rs 4,940 i.e. 24x FY25E EPS.