LTIMindtree Shares Rally 8% on Strong Outlook and Sector RecoveryLTIMindtree Shares Rally 8% on Strong Outlook and Sector Recovery

LTIMindtree shares surged 8% in Wednesday’s trading, reflecting a positive market response to a strong growth outlook. Expectations are high that LTIMindtree will benefit significantly from a recovery in the banking and financial services (BFS) and hi-tech sectors.

During the day, the stock nearly hit its revised target price, reaching a high of Rs 6,199.30 on the BSE before settling at Rs 6,046.60, up 6.91% from the previous close.

For FY2025, LTIMindtree is projected to see revenue growth of 6.5%, which is expected to accelerate to 11% in FY2026, up from 4.4% in FY2024. This expected growth is attributed to a recovery in its main sectors: BFSI and hi-tech.

Over the past year, LTIMindtree shares have gained 11.93%, while the Sensex has risen by 23.16%. This shows that while LTIMindtree has performed well, the broader market has done even better.

The firm has raised its dollar revenue growth estimates for FY 2025-27 by 0.5 to 1% and similarly adjusted its EPS projections. Consequently, LTIMindtree is now valued at 28 times the expected earnings for September 2026, up from 26 times previously.