India's LTIMindtree extends gains on $450 mln deal

LTM

12/05/2025 09:22

** India's LTIMindtree LTIM.NS extends gains to trade 7.6% higher at 4,975.60 rupees

** India's No. 6 IT services exporter secures $450 mln multi-year deal, its largest-ever

** Stock on track for fourth straight gaining session

** Co says deal with "global agribusiness leader" without naming the company

** LTIM was up 5.9% before the news, in tandem with other IT stocks .NIFTYIT which are up ~6% as global recession worries ease

** Avg rating of analysts on LTIM at "buy"; median PT is 4,843.50 rupees - data compiled by LSEG

** Stock down 11% YTD vs IT index's 12.4% decline

 (Reporting by Kashish Tandon in Bengaluru)

 ((Kashish.tandon@thomsonreuters.com))