LTIMindtree stock gains on bagging mutli-million dollar contract extension

LTIMindtree stock rises: Shares of LTIMindtree rose as much as 2.11 per cent to hit an intraday high of Rs 5,875.65 per share on Friday.

The share price rose after the company announced that it has secured mutli-million dollar contract extension from Absa Bank.

“This reinforces LTIMindtree’s position as Absa Bank’s trusted strategic technology partner. The extended partnership builds upon a successful 17-year collaboration, where LTIMindtree has been instrumental in driving Absa Bank’s digital transformation journey, fostering growth and efficiency,” said LTIMindtree in a statement.