Apr'25 View on LTIMindtree Ltd

Larsen & Toubro Infotech Ltd offers extensive range of IT services like application development, maintenance and outsourcing, enterprise solutions, infrastructure management services, testing, digital solutions, and platform-based solutions to the clients in diverse industries. The stock looks to gain back and cross its recent high on following points Rationale: • LTIMindtree has announced the appointment of Venu Lambu as CEO (Designate) with immediate effect. • Venu is an industry veteran, handled leadership roles in sales & delivery. • Venu’s last stint was as the CEO of Ranstad Digital. He has worked in other organizations, including Cognizant, HCLT and IBM. • Announcement brings to an end the uncertainty to the successor to CEO. • The company has a solid leadership team. • We have an ADD rating on the stock. Company update: Positives: • LTIM’s growth trajectory has improved in the last three quarters. • The improvement is visible in the record US$168 cr TCV announced for the December 2024 quarter. Negatives: • The Exits and changes will be inevitable with the change in CEO.