LTIM shares up by more than 5% as IT stocks gain all around

LTIMindtree (LTIM) shares are sharply up today. At 1 p.m. IST, the stock price is up by 5.25%, trading at Rs 6,347. Nifty 50 index is up by 0.29% at this time.

LTIM shares are gaining today probably because of two reasons. One is the Rs 3,000 crore new order that the company has got from Central Board of Direct Taxes (CBDT). The company will provide AI-driven solution as part of modernization of India’s tax structure. The second reason is the positive sentiment today regarding IT stocks. This, after Infosys came out with its December quarter result. Infosys’ December quarter result indicates that discretionary spending by client companies on IT & Software services is showing signs of increasing. Total Contract Value of new deal wins by Infosys in the December quarter stood at $4.3 billion.

Nifty IT index up by more than 3%

Nifty IT index is the top gainer among sectoral indices at NSE at this time. It is up by 3.35%. Nifty Midsmall IT & Telecom index is up by 1.6%. Stocks of other IT companies are also sharply up at this time. Infosys shares are up by 5.51% at this time, trading at Rs 1,687. 90. Tech Mahindra shares are up by 4.74%, trading at Rs 1,663.80. Wipro shares are up by 2.98%, trading at Rs 267.95.

In the past 1 year, LTIM shares have gained 6.16%. Due to the heightened economic uncertainty in US, after President Trump took over on January 20^th last year, 2025 was a muted year for Indian IT sector. That is why stocks of many Indian companies underperformed the broader indices. Year-to-Date in 2026, LTIM stock is up by 3.84%.

52-week high price of the stock currently is Rs 6,380. 52-week low price of the stock is Rs 3,802.

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Source: NSE, LTIM