Large Cap IT Stock Zoomed 281 .62 % In 5 Yrs, HDFC Securities Sees Upside, Buy For High Returns
The stock on Friday last traded at Rs 4,268.05 apiece on NSE, up 0 .69 % as compared to its previous close.
The stock hits a new 52 week low on 13 January 2023 at Rs 4,146.50 apiece.
Whereas it recorded a 52- week high last month on 5 December 2022 at Rs 5,107.75 apiece.
In terms of return on investment, the stock has continuously fallen over the past 1 year.
LTIMindtree ( LTIM) delivered its first quarterly performance as a combined entity clocking quarterly revenue of USD 1.05bn and recording deal bookings of USD 1.2bn.
"We believe that LTIM can take market share from tier- 1 IT is a 15% revenue CAGR and 17 % earnings CAGR over FY 22 - 25 E."
The stock has been picked from the brokerage report of HDFC Securities.
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