LTIMindtree features as the preferred IT pick, with a suggested buying range of ₹5,950-6,380. The brokerage expects the stock to resume uptrend and head towards its all-time high towards a target of ₹7,370. This implies an upside of nearly 17%.
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CNBC TV1816-01-2026, 11:35

LTIMindtree Shares Surge 4% on ₹3,000 Crore CBDT Order Win

  • LTIMindtree shares gained over 4% after securing a ₹3,000 crore order from the Central Board of Direct Taxes (CBDT).
  • The project, named Insight 2.0, involves building an AI-powered program to modernize India's national tax analytics platform.
  • This seven-year mandate highlights LTIMindtree's expertise in digital transformation, advanced digital architecture, and data analytics.
  • The company previously reported strong Q2 earnings, with net profit up 10.1% to ₹1,381.2 crore and revenue up 5.6% to ₹10,394.3 crore, exceeding estimates.
  • LTIMindtree's operating profit surged 17% to ₹1,648 crore, and its operating margin expanded to 15.9% in Q2.

Why It Matters: LTIMindtree's ₹3,000 crore CBDT order win and strong Q2 results boost investor confidence.

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