Retailer and hypermarket operator Trent and state-owned Bharat Electronics are likely to replace LTI Mindtree and Divi’s Laboratories in the forthcoming rejig in the Nifty index, according to an estimate by Nuvama Alternative & Quantitative Research. The possible changes would lead to an inflow of $429 million or Rs 3,500 crore into Trent and $ … Read more
Brokerage firm Bernstein maintained an outperform rating on Maruti Suzuki and HDFC Bank. Macquarie recommended an outperform rating on LTI MindTree and HSBC has a buy rating on ICICI Lombard. We have collated a list of recommendations from top brokerage firms from ETNow and other sources: Bernstein on Maruti Suzuki: Outperform| Target Rs 14,400 Bernstein … Read more
“We are in the final stages of closing quite a few large opportunities. So we are very optimistic about the future as we go along,” says Debashis Chatterjee, CEO & MD, LTI Mindtree.Firstly the growth rate moderated quite a bit in Q4. Is it a one off case or there are any other factors playing … Read more
NEW DELHI: Shares of both IT companies L&T Infotech (LTI) and were trading flat on Tuesday, a day after the merger came into effect. Despite the joint entity of LTIMindtree becoming the fifth-largest IT company in India based on market capitalisation, there are little hope of its inclusion in the Nifty50 index in the March … Read more