LTIMindtree Shares Jump 4% on Rs 3,000-Crore CBDT AI Tax Programme Win

Business
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Moneycontrol•16-01-2026, 11:17
LTIMindtree Shares Jump 4% on Rs 3,000-Crore CBDT AI Tax Programme Win
- •LTIMindtree shares surged over 4% today after securing a significant Rs 3,000-crore order from the Central Board of Direct Taxes (CBDT).
- •The IT services company will build an AI-powered programme for the modernisation of India’s national tax analytics platform, named Insight 2.0 project.
- •The mandate is valued at approximately Rs 3,000 crore and spans seven years, providing long-term revenue visibility for LTIMindtree.
- •The stock rallied to around Rs 6,290, pushing its market capitalization to about Rs 1.86 lakh crore.
- •The positive sentiment was also fueled by a broader rally in IT stocks, following Infosys' strong Q3 FY26 results and revised guidance.
Why It Matters: LTIMindtree's shares soared on a major CBDT contract for an AI-powered tax programme.
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