India's LTIMindtree falls; Citi flags growth, margin risks

LTM

06/01/2026 05:33

** Shares of LTIMindtree Ltd LTIM.NS fall as much as 1.5% to 5,970 rupees

** Citi Research opens a 30-day catalyst watch, says double-digit revenue growth, margin improvement may be hard to sustain amid sector pressures and premium valuations

** Adds, with valuations near 29 times FY27 earnings and at a premium to large caps, the risk-reward looks unattractive after recent outperformance

** Despite continued global economic growth, Indian IT rev growth remains sluggish, says Citi

** Q3 focus will likely be on pace of recovery and in hope of pickup in IT spends in areas beyond AI

** Mean rating of stock is 'hold'; median PT is 5,880 rupees - data compiled by LSEG

** LTIM last down 0.9%; gained ~8.6% in 2025

 (Reporting by Meenakshi Maidas in Bengaluru)

 ((meenakshi.maidas@thomsonreuters.com;))