As IT major LTIMindtree unveiled its Q1 or June 2024 quarter results on July 17, 2024, what to do with the company stock?
The IT company reported 1.5 per cent decline in net profit to Rs 1,135 crore.
Here's how investors should approach the stock after its Q1 earnings.
Global brokerages, Morgan Stanley, CLSA, JPMorgan, Jefferies, Bernstein, Citi, and Nomura have reiterated their rating by revising the targets on the company.
Morgan Stanley has maintained an 'equal-weight' rating on LTIMindtree shares with a target of Rs 6,070.
CLSA has maintained an 'underperform' rating on the LTIMindtree stock with a target of Rs 4,199.
Jefferies has maintained an 'underperform' rating on LTIMindtree shares with a target of Rs 4,920. Bernstein, on the other side, maintained an 'outperform' rating on the stock with a target of Rs 4,800.
Meanwhile, Citi has maintained a 'sell' call on the LTIM stock with a target of Rs 4,780. In contrast, Nomura has maintained a 'reduce' rating on the stock with a target of Rs 4,670.
Disclaimer: The views/suggestions/recommendations expressed here in this article are solely by investment experts. Zee Business suggests its readers consult their investment advisers before making any financial decision.