Shares of LTM, formerly known as LTIMindtree, jumped more than 3% on Monday after India's sixth-largest IT services company reported a 17% year-on-year (YoY) rise in consolidated net profit for the April-June quarter of FY27, while brokerages issued mixed views on the stock.
The shares of the IT major jumped to Rs 4,170 apiece on Monday, the highest level seen by the stock in more than a month. The company posted a consolidated net profit of Rs 1,466 crore for the first quarter, up from Rs 1,254 crore a year earlier. Revenue from operations rose 18% YoY to Rs 11,608 crore, compared with Rs 9,841 crore in the corresponding quarter last year.
