Shares of LTIMindtree dropped by 5% despite an 8% YoY growth in net profit to Rs 1,251 crore and revenue climbing 6% in Q2 2024. The company noted broad-based sequential growth and new deal closures. However, brokerage Investec maintained its ‘Sell’ rating, citing concerns over weaker revenue growth in the second half of the year.
US stock: S&P 500 ends lower as investors weigh data, Middle East tensions
The S&P 500’s streak came to an end, falling from its peak as weaker retail sales suggested caution among consumers. Despite a strong outlook, Applied