HDFC delisting may get LTIMindtree a ticket to Nifty, $150 million boost
It is estimated that LTIMindtree may see an inflow of approximately $150-160m, with it’s latest rally pushing its stock up over 166% when seen on a three-year scale. However, Jefferies has given the stock an ‘underperform’ rating as it believes revenue growth will be impacted by the weak economic environment and cutbacks in global IT spending.
