The Economic Times

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.

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.