LTIMindtree rises 3% after LIC increases stake by 2% via open market

LTIMindtree shares advanced 2.6 per cent in Friday’s trade and logged an intraday high of Rs 6,087.7 per share on BSE. The stock rose after insurance behemoth, Life Insurance Corporation of India (LIC) increased its shareholding in the company.

Around 11:00 AM, LTIMindtree shares were up 2.04 percent at Rs 6,050 per share on BSE. In comparison, the BSE Sensex was up 0.81 per cent at 77,778.1. The market capitalisation of the company stood at Rs 77,778.10 crore. The 52-week high of the company was at Rs 6,575 per share and 52-week low of the company was at Rs 4,518.35 per share.