Life Insurance Corporation of India (LIC) has increased its stake in LTIMindtree from 5.033% to 7.034% through open market purchases. This news coincided with LTIMindtree’s announcement of an 8% YoY growth in Q2 net profit, reaching Rs 1,251 crore, and a 6% rise in revenue to Rs 9,433 crore.
Tech view: Nifty rebounds above 23,500 level, 200 DEMA; pullback rally eyes 24k resistance. How to trade on Monday
The Nifty gained 375 points over the week to close at 23,907. A smart comeback by the bulls in the second half of this week