LTIMindtree shares tank nearly 7% as Q3 profit falls 11%. What should investors do?
LTIMindtree shares tumbled nearly 7% after it reported an 11% year-on-year net profit decline in Q3, largely due to a one-time Rs 590 crore charge from new labor codes. Excluding this, adjusted profit rose 29% YoY. Revenue increased 12% YoY to Rs 10,781 crore, with management highlighting a strong performance driven by AI strategy and deal wins.
Avana Electrosystems shares to list today. Check GMP ahead of debut
Based on the prevailing GMP, the stock is indicated to list at around Rs 69-70 per share, though grey market trends are unofficial and can change closer to listing.
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