LTIMindtree Share Price Surges Over 4% After Rs 3,000-Crore Government Order Win

Shares of LTIMindtree saw a strong rally on Friday, climbing over 4 percent following the announcement of a major government order. The IT services company reported securing a long-term project from the Central Board of Direct Taxes , aimed at modernising India’s national tax analytics platform with AI-powered solutions.

This deal, valued at around Rs 3,000 crore, has a tenure of seven years, providing clear revenue visibility for the medium term. The project will focus on deploying advanced digital architecture and analytics capabilities, highlighting LTIMindtree’s growing role in public sector technology initiatives.

Market Performance Today

LTIMindtree shares opened the day with strong buying interest and climbed steadily throughout the morning. Key market highlights include:

• Stock high: Rs 6,290 per share
• Daily gain: 4.3%
• Market capitalisation: ~Rs 1.86 lakh crore
• One-year performance: Over the past year, LTIMindtree has risen just below 5%, lagging behind the Nifty 50, which climbed around 11% during the same period.

The stock’s surge coincided with broader positive sentiment across the IT sector. Shares of other major IT firms also showed robust movements, contributing to increased investor confidence in IT services companies with strong government orders.

Company Details: LTIMindtree

LTIMindtree, a leading IT services company in India, has been steadily expanding its footprint in digital transformation and analytics services. The newly won Insight 2.0 project with CBDT positions the company as a key player in AI-driven tax administration solutions.

The project aims to strengthen India’s national tax analytics platform, leveraging cutting-edge technologies to improve data-driven decision-making. Its size and long tenure make it a significant milestone for LTIMindtree’s government contracts portfolio.

Key Financial Data

While the focus of Friday’s news was the large government order, LTIMindtree’s stock performance can be summarised with key figures:

• Current stock price: Rs 6,290 (session high)
• Market cap: Rs 1.86 lakh crore
• Price-to-earnings (TTM): ~38.2
• Dividend yield: ~1%

The combination of a high-value, long-term order and strong IT sector momentum contributed to the stock’s surge, reflecting investor confidence in LTIMindtree’s growth potential.

Summary

Friday’s market action showcased the impact of substantial government contracts on IT stocks. LTIMindtree share price gained over 4% following the Rs 3,000-crore CBDT Insight 2.0 project win.

The rally highlights:

• Investors’ positive response to large, long-tenure government orders
• Strength in IT sector sentiment driving broader buying
• Reinforcement of LTIMindtree’s public sector credentials

At its current level, LTIMindtree continues to offer visibility in terms of revenue and long-term contracts, positioning the stock in focus for market watchers tracking IT sector developments.

Source: Moneycontrol