Ltimindtree's target Rs 6160: IIFL Securities's Top Stock to Buy Today
IIFL Securities issued a buy recommendation for LTIMindtree on November 11, setting a target price of Rs 6160. Currently trading at Rs 6011.4, the stock has potential upside of 2.45%. This bullish outlook is supported by LTIMindtree's strong fundamentals, including a growing client base, expanding geographic reach, and focus on digital transformation services. Investors may consider accumulating the stock at current levels for potential gains in the medium to long term.
About Ltimindtree:
LTI Mindtree (LTI) is an Indian multinational IT services and consulting company headquartered in Mumbai, India. It provides services such as digital transformation, infrastructure management, application development and maintenance, data analytics, cloud computing, and cybersecurity solutions. The company operates across 30 countries with 50 offices. LTI is a publicly traded company listed on the National Stock Exchange of India (NSE). The company was formed in 2022 through the merger of Larsen & Toubro Infotech (LTI) and Mindtree. LTI has a strong customer base including Fortune 500 companies and leading industry players.
52 Week Price Trend:
LTI Mindtree (NSE: LTIM), with its current stock price of Rs 6011.4, is nearing its 52-week high of Rs 6442.65 but remains above its 52-week low of Rs 4130.3. The stock has experienced a significant rise from its low, indicating strong investor confidence. However, it is currently below its recent high, suggesting potential for further growth. Analysts recommend considering LTIM for long-term investment based on the company's consistent performance, robust order book, and strong management team.
Stratzy's MOST Analysis:
Stratzy's MOST framework has assigned LTIM a AAA rating, indicating that the stock poses low fundamental risks. The framework evaluates companies based on Management, Outlook, Safety, and Trend. LTIM has received high scores in all four pillars, demonstrating strong management, a positive outlook, a robust financial position, and a favorable market trend. This AAA rating suggests that LTIM is a fundamentally sound investment with minimal risk exposure, making it an attractive option for investors seeking stability and growth.
Company's Fundamentals:
LTI Mindtree (NSE: LTIM) is a publicly traded company on the National Stock Exchange of India (NSE). Its financial data includes a Stock Price-to-Earnings (PE) ratio of 35.22, indicating the number of years it would take for earnings to cover the current share price. The Price-to-Book (PB) ratio of 8.96 suggests that the company's market value is 8.96 times its book value, which is the value of its assets minus liabilities. LTIM's Dividend Yield of 1.1% represents the annual dividend paid as a percentage of the current market price, providing investors with a passive income stream. These metrics provide valuable insights into LTIM's valuation and profitability, helping investors make informed decisions.
Fundamental and Technical information provided in this blog were last updated on 09 Nov, 2024
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