Rs 45/Sh Dividend In Q4: IT Giant To Consider Dividend Again On Oct 17, Buy? Check New TP

Leading IT Software sector company, LTIMindtree Ltd shares today zoomed over 2.53% on BSE to settle at Rs 6253.10 per share. The company informed today about its upcoming meeting of Board of Directors scheduled to be held on October 17, 2024 to consider financial results and dividend. LTIMindtree shares slipped over 1% in last 2-weeks and gained 27% in last 6-months. The IT giant has a market capitalisation of Rs 1,85,200.01 crore. Check details below:

LTIMindtree To Consider Results, Dividend On October 17: As per the BSE filing of LTIMindtree dated October 7, "2015 ('LODR'), this is to inform you that a meeting of the Board of Directors of the Company will be held on Thursday, October 17, 2024, inter‐alia, to consider, approve and take on record, the unaudited standalone and consolidated financial results of the Company for the quarter and half-year ended September 30, 2024, along with the Limited Review Report(s) of the Statutory Auditor thereon."

LTIMindtree Shares Performance: The 52-week high price of LTIMindtree shares on BSE is Rs 6575.00 per share (as on 19/09/2024) and 52-week low price is Rs 4518.35 per share (as on 04/06/2023), respectively. LTIMindtree shares gained over 19% in last 1-year and 34% in last 2-years. In last 5-years, LTIMindtree stock offered return of 322%.

LTIMindtree Q4 Dividend: The board of LTIMindtree declared a final dividend of Rs 45 per share. As per the BSE filing of LTI dated April 24, "Board of Directors have recommended a final dividend of Rs. 45/- per equity share of Re. 1 each, for approval of shareholders at the ensuing Annual General Meeting ('AGM')." LTIMindtree shares traded ex-dividend on June 19, 2024.

Should You Buy LTIMindtree Shares? CLSA decided to recommend hold call on LTIMindtree shares with a price target of Rs 5,884. On the other hand, Nomura assigned reduce rating to the stock with a price target of Rs 5,340. Citi maintained sell call to LTIMindtree with target price of Rs 5635 per share. "Margins will likely see continued pressure as growth is moderate and from cost takeout deals," stated Citi.

About: LTIMindtree is a global technology consulting and digital solutions company that enables enterprises across industries to reimagine business models, accelerate innovation, and maximize growth by harnessing digital technologies. As a digital transformation partner to more than 700 clients, LTIMindtree brings extensive domain and technology expertise to help drive superior competitive differentiation, customer experiences, and business outcomes in a converging world. Powered by 81,000+ talented and entrepreneurial professionals across more than 30 countries, LTIMindtree - a Larsen & Toubro Group company - solves the most complex business challenges and delivers transformation at scale, according to its official website.

Disclaimer: The stock has been picked from the brokerage report of Citi, CLSA, and Nomura. Greynium Information Technologies, the Author, and the respective Brokerage House are not liable for any losses caused as a result of decisions based on the article. Goodreturns.in advises users to check with certified experts before taking any investment decision.