LTIMindtree soars on launching latest platform ‘MELD’ in collaboration with SNP

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

13 Jun 2024 Evaluate

LTIMindtree is currently trading at Rs. 5079.90, up by 128.70 points or 2.60% from its previous closing of Rs. 4951.20 on the BSE.

The scrip opened at Rs. 4981.60 and has touched a high and low of Rs. 5090.50 and Rs. 4981.60 respectively. So far 14732 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. 4518.35 on 04-Jun-2024.

Last one week high and low of the scrip stood at Rs. 5090.50 and Rs. 4825.05 respectively. The current market cap of the company is Rs. 146636.41 crore.

The promoters holding in the company stood at 68.60%, while Institutions and Non-Institutions held 21.44% and 9.96% respectively.

LTIMindtree in collaboration with SNP has launched its latest platform ‘MELD’ for accelerated and reliable realisation of mergers, acquisitions and divestitures that accelerates data integrations and process harmonizations for customers.

Enterprises embarking on these initiatives have a need for fast, lean, cost-effective solutions tailored to address landscape consolidations, business process integrations & technology requirements in carve out and merger scenarios that ensure seamless data management and zero business disruption. MELD addresses these requirements and incorporates a built-in framework for innovative data discovery and management and an accelerated cost-effective implementation, thus enabling enterprises to maximize business value with zero disruption for operations.

This integrated platform from LTIMindtree, and SNP will be a powerful enabler for customers in manufacturing, Consumer Products, Technology & Services and Energy & Utilities segments undergoing acquisitions and divestitures. The platform provides a comprehensive suite of solutions for SAP projects in an M&A context to de-risk and accelerate the journey to the target architecture.

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

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Peers

Company Name	CMP
TCS	2439.95
Infosys	1175.70
HCL Tech.	1198.70
Wipro	199.90
Tech Mahindra	1468.70
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