LTIMindtree rises on signing MoU with Eurolife FFH

22 Feb 2024 Evaluate

LTIMindtree is currently trading at Rs. 5497.00, up by 77.30 points or 1.43% from its previous closing of Rs. 5419.70 on the BSE.

The scrip opened at Rs. 5484.00 and has touched a high and low of Rs. 5503.90 and Rs. 5452.00 respectively. So far 179 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 6442.65 on 15-Jan-2024 and a 52 week low of Rs. 4130.30 on 21-Apr-2023.

Last one week high and low of the scrip stood at Rs. 5594.95 and Rs. 5407.50 respectively. The current market cap of the company is Rs. 160511.66 crore.

The promoters holding in the company stood at 68.64%, while Institutions and Non-Institutions held 21.57% and 9.78% respectively.

LTIMindtree has signed a Memorandum of Understanding (MoU) with Eurolife FFH, a leading insurance company in Athens, Greece powered by Fairfax Digital Services, to establish first-of-its-kind Gen AI and Digital Hub in Athens and dedicated facilities in Poland, Europe and Mumbai, India. 

As a part of this association, Eurolife FFH will set up Generative AI and Digital Hub in Athens to develop innovative solutions for insurance businesses in Greece and LTIMindtree will provide deep domain expertise and support from its dedicated facilities in Poland and Mumbai. Professionals from both the companies will jointly undergo specialized training in Generative AI and Digital Transformation to develop cutting edge products and services that will enhance customer experience and operational efficiency for businesses across insurance, banking, shipping, and manufacturing industries.

LTIMindtree (formerly Larsen & Toubro Infotech) is a global technology consulting and digital solutions company that enables enterprises across industries to reimagine business models, accelerate innovation, and maximize growth by harnessing digital technologies.


LTIMindtree Share Price

4906.95 1.75 (0.04%)
11-Jun-2024 16:01 View Price Chart
Peers
Company Name CMP
TCS 3857.15
Infosys 1495.60
HCL Tech. 1428.65
Wipro 476.20
Tech Mahindra 1351.85
View more..
© 2024 The Alchemists Ark Pvt. Ltd. All rights reserved. MoneyWorks4Me ® is a registered trademark of The Alchemists Ark Pvt.Ltd.