Market Overview
On April 23, 2025, Indian stock markets witnessed a mixed session, with slightly green benchmark indices.
- Sensex rose by over 204 points, trading near 79,781
- Nifty 50 gained 0.20%, standing at 24,218
Among the top movers, LTI Mindtree shares surged over 5%, drawing significant investor attention ahead of its Q4 earnings announcement.
LTI Mindtree Shares Jump 5%
LTI Mindtree saw a strong rally on April 23, climbing over 5% intraday to touch Rs 4,547 apiece on the NSE. Traders anticipated robust Q4 earnings for FY25.
The rally comes just ahead of the company’s Q4 results, which are expected later today. The market is also looking forward to the official declaration of a final dividend for the previous financial year.
Other Market Movers:
- Bajaj Housing Finance traded in the red at Rs 130 per share
- Tata Consumer Products saw marginal gains at Rs 1,145 per share
Earnings Season Picks Up Pace
As many as 28 companies are scheduled to release their Q4 FY25 results today. Key names on the list include:
- LTI Mindtree
- Bajaj Housing Finance
- Tata Consumer Products
- Dalmia Bharat
- Syngene International
- Thyrocare
- Tips Music
Company Snapshot: LTI Mindtree
LTI Mindtree, a major player in the Indian IT services space, has maintained positive momentum throughout FY25.
The 5% Q4 rally reflects investor optimism about its financial performance and deal momentum, particularly in its BFS vertical.
While broader market expectations are cautious across some sectors, LTI Mindtree is on track for a stable quarterly outcome.
Summary
- LTI Mindtree shares surged 5%, hitting Rs 4,547 ahead of Q4 FY25 results.
- The company is also anticipated to declare a final dividend for the year.
- Broader markets remained flat, with Sensex and Nifty showing marginal gains.
- Twenty-eight major firms, including LTI Mindtree, are set to unveil quarterly numbers today, marking a critical day in the earnings calendar.
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