Market Movers: Infosys, LTIMindtree Surge; L&T Tech, AMAL Ltd Plunge

Business
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Moneycontrol•16-01-2026, 17:03
Market Movers: Infosys, LTIMindtree Surge; L&T Tech, AMAL Ltd Plunge
- •IndiaMART InterMESH shares jumped over 9% after Nalanda Equity Fund acquired 1.1 million shares from Smallcap World Fund Inc.
- •Infosys saw a 5.88% intraday rise in Indian markets, mirroring a 10% jump in its US ADRs post-December quarter results.
- •LTIMindtree surged nearly 5.7% after securing the ₹3000 crore Insight 2.0 project from CBDT for an AI-powered tax analytics platform.
- •ICICI Pru AMC's stock climbed over 8.6% due to strong December quarter results, including a 45.1% profit increase and a ₹14.85 dividend.
- •L&T Tech shares dropped over 8% after revising its FY26 revenue growth guidance from double-digit to mid-single-digit, prioritizing margin improvement.
Why It Matters: Key stocks like Infosys and LTIMindtree gained on positive news, while L&T Tech and AMAL Ltd faced declines.
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