LTM rises 4.5% to Rs 4,393 with no news found

LTM LTM Limited, formerly LTIMindtree, rose 4.5 percent on 5 November with no company news behind the move, and is back at its 16 October close. Q2 FY27 numbers (consolidated): Revenue: Rs 11,808 crore, up 1.7% QoQ from Rs 11,608 crore Dollar revenue: $1.24 billion, up 1.1% QoQ and 5.1% YoY EBIT: Rs 1,839 crore; margin 15.6%, against 15.5% in Q1 Net profit: Rs 1,379.90 crore, flat YoY and down 6% from Rs 1,468.60 crore in Q1 Order inflow: $1.26 billion, down from $1.68 billion in Q1 The quarter cleared my 9 October margin test but missed the growth test: dollar revenue rose 1.1 percent, against the 1.5 percent I required. I found no cause for the 5 November move. The news lists I checked show nothing dated 3 to 5 November. Management expects the second half to beat the first. I have not seen a number behind that. LTM [LTM][***** closed at Rs 4,364.82 on 5 November on StockGro (NSE Rs 4,393.00 at 3:28 PM), up 4.4 percent on the day and 10.9 percent in a month. My view: hold, not a fresh entry. My 2 November post held that stance, and today’s move does not change the earnings read. The margin passes; growth does not, and fresh money needs both. The stock is 24 percent above my exit at Rs 3,528.00, the 52-week low. Holders stay; exit on an NSE close below Rs 3,528.00. Fresh money waits for a Q3 FY27 print with dollar growth at or above 1.5 percent and EBIT margin at or above 15.5 percent. What would change my mind: a Q3 print meeting both gates, or a named company event explaining the move. Next trigger: Q3 FY27 results, date not yet sourced. Disclosure: Vijay Kumar Gupta, SEBI Registered Research Analyst, INH000020226, Vijay Gupta Advisory. SEBI registration and NISM certification do not guarantee performance or assure returns. Securities markets are subject to market risks. No holdings in the subject company.