LTIMindtree gains on entering into strategic collaboration with CAST AI

LTM Ltd. | IT - Software | IT & ITES | BSE: 540005 | NSE: LTM

29 Aug 2023 Evaluate

LTIMindtree is currently trading at Rs. 5150.00, up by 24.95 points or 0.49% from its previous closing of Rs. 5125.05 on the BSE.

The scrip opened at Rs. 5149.95 and has touched a high and low of Rs. 5185.00 and Rs. 5149.90 respectively. So far 606 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 5425.00 on 05-Jul-2023 and a 52 week low of Rs. 4120.00 on 23-Jan-2023.

Last one week high and low of the scrip stood at Rs. 5244.95 and Rs. 5093.75 respectively. The current market cap of the company is Rs. 151653.04 crore.

The promoters holding in the company stood at 68.66%, while Institutions and Non-Institutions held 20.62% and 10.72% respectively.

LTIMindtree has entered into a strategic collaboration with CAST AI, a leading SaaS company that specializes in automated cost optimization for customers who run their cloud-native applications on Google Cloud, AWS, and Microsoft Azure. The partnership will help companies save, on average, over 60 percent on cloud costs as they modernize legacy applications for cloud migration.

This collaboration brings together LTIMindtree’s Infinity platform, with CAST AI’s cloud cost optimization platform to provide enterprises with a complete view of their cloud portfolio. This combined offering will empower organizations to optimize Kubernetes management and costs in a single or multi-cloud environments, without any manual intervention. It will also help free up the customers’ time from routine tasks by automating 100% of their cloud-native infrastructure, resulting in increased stability and reduced costs.

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.

LTM Share Price

4350.60 103.00 (2.42%)

08-May-2026 16:59 View Price Chart

Peers

Company Name	CMP
TCS	2394.85
Infosys	1179.20
HCL Tech.	1198.60
Wipro	197.95
Tech Mahindra	1463.05
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