What’s Behind Nuvama’s Upgraded Outlook on LTIMindtree After Strong Q2FY26 Results?
Nuvama has raised its target price for LTIMindtree (LTIM) to ₹6,900 (from ₹6,200) after the IT firm delivered an all-round beat in Q2FY26. The brokerage maintained a positive stance on the stock, highlighting the company’s continued margin improvement, strong execution, and healthy deal pipeline across key verticals.
The report emphasized that LTIM’s results outperformed expectations on both revenue and profit fronts, reflecting its ability to execute complex transformation programs across BFSI, manufacturing, and energy verticals. Management reaffirmed its goal of achieving double-digit USD growth in H2FY26, underscoring confidence in demand resilience despite global uncertainty.
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Nuvama highlighted that LTIM’s operating margin improvement was supported by better utilization, cost control, and automation-led efficiencies. The company’s strong revenue visibility and diversified client mix continue to support a healthy growth trajectory across geographies.
The brokerage believes LTIM remains one of the few IT mid-to-large caps with the potential to outperform peers on earnings consistency. The company’s ongoing efforts to deepen client relationships and expand in high-margin verticals like cloud and analytics are key drivers for its valuation re-rating.
LTIM’s ability to combine the agility of a mid-tier firm with the scale of a large-cap player makes it a unique participant in India’s IT services landscape. Its integration milestones post-merger have largely been achieved, with operational synergies flowing through in margins and delivery efficiency.
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With digital transformation demand continuing to expand and enterprise clients accelerating cloud migration, LTIM remains well-positioned to capture the next growth cycle. Nuvama expects continued operating leverage to drive steady earnings growth over the next two fiscal years.
Investor Takeaway
Indian-Share-Tips.com Nifty Expert Gulshan Khera, CFP®, who is also a SEBI Regd Investment Adviser, observes that LTIMindtree’s broad-based execution and consistent profit delivery make it one of the stronger IT bets in a consolidating market. Investors may accumulate on dips with a medium-term view. Read deeper insights at Indian-Share-Tips.com, which is a SEBI Registered Advisory Services.
Related Queries
- Why Did Nuvama Upgrade LTIMindtree’s Target Price?
- How Is LTIM Achieving Margin Expansion Despite Cost Pressures?
- Can LTIM Sustain Double-Digit Growth in FY26–27?
SEBI Disclaimer: The information provided in this post is for informational purposes only and should not be construed as investment advice. Readers must perform their own due diligence and consult a registered investment advisor before making any investment decisions. The views expressed are general in nature and may not suit individual investment objectives or financial situations.
